Park Avenue Securities LLC Sells 64 Shares of Fair Isaac Co. (NYSE:FICO)

Park Avenue Securities LLC lowered its stake in Fair Isaac Co. (NYSE:FICO) by 12.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 452 shares of the technology company’s stock after selling 64 shares during the quarter. Park Avenue Securities LLC’s holdings in Fair Isaac were worth $878,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. EntryPoint Capital LLC bought a new position in Fair Isaac in the 1st quarter valued at approximately $25,000. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac in the 1st quarter valued at $26,000. Tortoise Investment Management LLC boosted its holdings in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9 shares in the last quarter. OFI Invest Asset Management bought a new stake in Fair Isaac during the 1st quarter worth $31,000. Finally, Family Firm Inc. acquired a new position in Fair Isaac in the 2nd quarter worth about $34,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fair Isaac news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the completion of the sale, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Mark R. Scadina sold 3,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the transaction, the executive vice president now directly owns 19,919 shares in the company, valued at $34,144,751.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the sale, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,261 shares of company stock valued at $26,291,370 over the last ninety days. 3.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Needham & Company LLC lifted their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada lifted their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Barclays upped their price target on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Oppenheimer boosted their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised their target price on Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,787.08.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $2,022.59 on Thursday. The business’s 50-day moving average is $1,804.73 and its 200-day moving average is $1,517.11. Fair Isaac Co. has a 1 year low of $811.99 and a 1 year high of $2,043.59. The company has a market capitalization of $49.98 billion, a price-to-earnings ratio of 106.17, a P/E/G ratio of 4.69 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.34). The business had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. Analysts anticipate that Fair Isaac Co. will post 19.19 EPS for the current year.

Fair Isaac announced that its board has authorized a share buyback program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Fair Isaac Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.