HB Wealth Management LLC Grows Stock Position in Fair Isaac Co. (NYSE:FICO)

HB Wealth Management LLC boosted its holdings in Fair Isaac Co. (NYSE:FICO) by 45.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 264 shares of the technology company’s stock after buying an additional 83 shares during the period. HB Wealth Management LLC’s holdings in Fair Isaac were worth $330,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. Kestra Advisory Services LLC acquired a new position in shares of Fair Isaac in the 3rd quarter valued at $243,000. Bank of Nova Scotia raised its holdings in shares of Fair Isaac by 69.8% in the 3rd quarter. Bank of Nova Scotia now owns 2,265 shares of the technology company’s stock worth $1,967,000 after purchasing an additional 931 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Fair Isaac by 5.7% in the 3rd quarter. Lazard Asset Management LLC now owns 13,641 shares of the technology company’s stock valued at $11,847,000 after purchasing an additional 736 shares in the last quarter. Glenmede Trust Co. NA purchased a new stake in shares of Fair Isaac during the 3rd quarter worth about $1,040,000. Finally, Adage Capital Partners GP L.L.C. increased its position in Fair Isaac by 12.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 44,700 shares of the technology company’s stock worth $38,823,000 after purchasing an additional 4,800 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the subject of several research reports. Raymond James boosted their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a report on Tuesday, June 11th. Finally, Redburn Atlantic began coverage on Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,274.33.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the completion of the transaction, the chief executive officer now owns 12,638 shares in the company, valued at $14,414,270.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the sale, the chief executive officer now owns 12,638 shares of the company’s stock, valued at approximately $14,414,270.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joanna Rees sold 500 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $1,350.00, for a total value of $675,000.00. Following the completion of the transaction, the director now directly owns 20,618 shares of the company’s stock, valued at approximately $27,834,300. The disclosure for this sale can be found here. Insiders have sold 24,014 shares of company stock valued at $31,012,918 over the last three months. Company insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE FICO traded up $19.33 during trading on Friday, reaching $1,549.39. The stock had a trading volume of 44,789 shares, compared to its average volume of 180,699. Fair Isaac Co. has a one year low of $776.63 and a one year high of $1,550.10. The firm’s 50 day moving average price is $1,352.56 and its two-hundred day moving average price is $1,272.01. The stock has a market cap of $38.29 billion, a PE ratio of 80.32, a P/E/G ratio of 4.12 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, topping the consensus estimate of $4.89 by $0.20. The firm had revenue of $433.81 million for the quarter, compared to analyst estimates of $425.94 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. On average, research analysts expect that Fair Isaac Co. will post 19.75 earnings per share for the current year.

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.