Blair William & Co. IL Cuts Holdings in Fair Isaac Co. (NYSE:FICO)

Blair William & Co. IL cut its position in Fair Isaac Co. (NYSE:FICO) by 0.9% in the first quarter, Holdings Channel reports. The firm owned 1,699 shares of the technology company’s stock after selling 15 shares during the period. Blair William & Co. IL’s holdings in Fair Isaac were worth $1,194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FICO. Private Advisor Group LLC purchased a new position in Fair Isaac in the 1st quarter valued at approximately $324,000. PNC Financial Services Group Inc. increased its stake in Fair Isaac by 3.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,845 shares of the technology company’s stock valued at $860,000 after purchasing an additional 54 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Fair Isaac by 423.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293 shares of the technology company’s stock valued at $137,000 after purchasing an additional 237 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Fair Isaac by 0.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 20,658 shares of the technology company’s stock valued at $9,998,000 after purchasing an additional 135 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in Fair Isaac by 12.4% in the 1st quarter. Raymond James Trust N.A. now owns 964 shares of the technology company’s stock valued at $449,000 after purchasing an additional 106 shares in the last quarter. 85.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FICO shares. Barclays boosted their price target on Fair Isaac from $920.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Needham & Company LLC lifted their price objective on Fair Isaac from $900.00 to $1,100.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Robert W. Baird boosted their price target on Fair Isaac from $725.00 to $775.00 in a research report on Monday, May 22nd. Raymond James initiated coverage on Fair Isaac in a research report on Tuesday. They issued an “outperform” rating and a $1,007.00 target price for the company. Finally, Royal Bank of Canada boosted their price target on Fair Isaac from $685.00 to $875.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $901.63.

Fair Isaac Trading Down 0.4 %

NYSE:FICO opened at $904.63 on Friday. Fair Isaac Co. has a 52 week low of $389.83 and a 52 week high of $916.41. The firm has a market capitalization of $22.53 billion, a PE ratio of 54.93, a price-to-earnings-growth ratio of 3.17 and a beta of 1.22. The stock has a 50 day moving average of $845.61 and a 200-day moving average of $769.17.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.28 by $0.35. The firm had revenue of $398.69 million during the quarter, compared to analyst estimates of $379.63 million. Fair Isaac had a negative return on equity of 51.26% and a net margin of 28.43%. As a group, analysts predict that Fair Isaac Co. will post 16.2 EPS for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In other news, CAO Michael S. Leonard sold 236 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $858.51, for a total value of $202,608.36. Following the completion of the sale, the chief accounting officer now owns 4,962 shares in the company, valued at $4,259,926.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP James M. Wehmann sold 2,836 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $904.38, for a total value of $2,564,821.68. Following the completion of the sale, the executive vice president now owns 44,572 shares in the company, valued at $40,310,025.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Michael S. Leonard sold 236 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $858.51, for a total transaction of $202,608.36. Following the completion of the sale, the chief accounting officer now owns 4,962 shares of the company’s stock, valued at approximately $4,259,926.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,636 shares of company stock valued at $4,952,932. 3.37% of the stock is owned by corporate insiders.

Fair Isaac Profile

Fair Isaac Corporation develops analytic, software, and data 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. It operates through 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.