147 Shares in Fair Isaac Co. (NYSE:FICO) Bought by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC purchased a new position in Fair Isaac Co. (NYSE:FICO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 147 shares of the technology company’s stock, valued at approximately $286,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. Park Avenue Securities LLC boosted its holdings in Fair Isaac by 16.3% in the first quarter. Park Avenue Securities LLC now owns 715 shares of the technology company’s stock worth $893,000 after acquiring an additional 100 shares in the last quarter. DGS Capital Management LLC boosted its holdings in Fair Isaac by 97.3% in the first quarter. DGS Capital Management LLC now owns 586 shares of the technology company’s stock worth $732,000 after acquiring an additional 289 shares in the last quarter. SMI Advisory Services LLC bought a new stake in Fair Isaac in the first quarter worth $4,091,000. Wealthcare Advisory Partners LLC boosted its holdings in Fair Isaac by 3.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock worth $407,000 after acquiring an additional 10 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Fair Isaac by 8.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,139 shares of the technology company’s stock worth $1,423,000 after acquiring an additional 92 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Performance

Fair Isaac stock opened at $2,027.82 on Wednesday. The stock has a market cap of $50.11 billion, a PE ratio of 106.45, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Fair Isaac Co. has a one year low of $811.99 and a one year high of $2,103.70. The stock has a fifty day moving average of $1,868.28 and a 200 day moving average of $1,568.07.

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

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

Insiders Place Their Bets

In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 13,002 shares in the company, valued at $22,065,174.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction dated 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 sale, the director now 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 sold a total of 15,261 shares of company stock worth $26,291,370 over the last quarter. 3.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FICO has been the topic of several analyst reports. Oppenheimer boosted their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a report 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 company a “sector perform” rating in a report on Thursday, August 1st. UBS Group initiated coverage on Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Needham & Company LLC upped their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group upped their price target on Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and an average 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.