Eagle Bay Advisors LLC Sells 8 Shares of Fair Isaac Co. (NYSE:FICO)

Eagle Bay Advisors LLC lessened its position in shares of Fair Isaac Co. (NYSE:FICO) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79 shares of the technology company’s stock after selling 8 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Fair Isaac were worth $154,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FICO. Park Avenue Securities LLC boosted its stake in Fair Isaac by 16.3% in the 1st quarter. Park Avenue Securities LLC now owns 715 shares of the technology company’s stock worth $893,000 after purchasing an additional 100 shares during the period. DGS Capital Management LLC boosted its stake in shares of 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 buying an additional 289 shares during the period. SMI Advisory Services LLC acquired a new stake in Fair Isaac during the first quarter worth about $4,091,000. Wealthcare Advisory Partners LLC lifted its position in shares of Fair Isaac by 3.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock worth $407,000 after buying an additional 10 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Fair Isaac by 8.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,139 shares of the technology company’s stock valued at $1,423,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Buying and Selling at Fair Isaac

In other news, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the transaction, the executive vice president now owns 19,919 shares of the company’s stock, valued at approximately $34,144,751.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the completion of the transaction, the executive vice president now owns 19,919 shares in the company, valued at $34,144,751.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joanna Rees sold 3,961 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,261 shares of company stock worth $26,291,370. Insiders own 3.54% of the company’s stock.

Fair Isaac Trading Down 1.1 %

Shares of NYSE FICO traded down $22.71 during trading hours on Wednesday, hitting $2,005.11. 61,882 shares of the company traded hands, compared to its average volume of 170,608. Fair Isaac Co. has a 12 month low of $811.99 and a 12 month high of $2,103.70. The company’s 50 day moving average price is $1,868.28 and its 200 day moving average price is $1,568.07. The stock has a market capitalization of $49.55 billion, a price-to-earnings ratio of 106.45, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last posted its earnings results 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 business 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%. Equities analysts anticipate that Fair Isaac Co. will post 19.33 EPS for the current year.

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

Analyst Ratings Changes

FICO has been the subject of a number of analyst reports. Barclays lifted their target price on shares of 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. Robert W. Baird lifted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada raised their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. The Goldman Sachs Group lifted their price target on Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their price objective on Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,787.08.

Fair Isaac Company 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.