Fair Isaac Co. (NYSE:FICO) Holdings Decreased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 238 shares of the technology company’s stock after selling 10 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Fair Isaac were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its stake in Fair Isaac by 13.6% in the first quarter. CWM LLC now owns 242 shares of the technology company’s stock valued at $302,000 after purchasing an additional 29 shares in the last quarter. Mather Group LLC. purchased a new position in Fair Isaac in the first quarter valued at about $80,000. Wedmont Private Capital purchased a new position in Fair Isaac in the first quarter valued at about $278,000. Park Avenue Securities LLC grew its stake in Fair Isaac by 16.3% in the first quarter. Park Avenue Securities LLC now owns 715 shares of the technology company’s stock valued at $893,000 after purchasing an additional 100 shares in the last quarter. Finally, DGS Capital Management LLC grew its stake in Fair Isaac by 97.3% in the first quarter. DGS Capital Management LLC now owns 586 shares of the technology company’s stock valued at $732,000 after purchasing an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James Kirsner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. Insiders sold a total of 15,261 shares of company stock valued at $26,291,370 in the last quarter. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

NYSE FICO opened at $1,973.46 on Monday. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $2,103.70. The stock has a market capitalization of $48.77 billion, a PE ratio of 103.59, a P/E/G ratio of 3.78 and a beta of 1.35. The stock has a 50-day simple moving average of $1,857.71 and a 200 day simple moving average of $1,554.84.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.34). The business had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. As a group, equities research analysts forecast that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Barclays upped their price target on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Oppenheimer upped their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada upped their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird upped their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,787.08.

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.