Meeder Advisory Services Inc. Invests $206,000 in Fair Isaac Co. (NYSE:FICO)

Meeder Advisory Services Inc. purchased a new position in shares of Fair Isaac Co. (NYSE:FICO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 165 shares of the technology company’s stock, valued at approximately $206,000.

Other hedge funds have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its stake in shares of Fair Isaac by 20.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 642 shares of the technology company’s stock worth $558,000 after buying an additional 108 shares during the period. Thrive Wealth Management LLC purchased a new stake in shares of Fair Isaac during the fourth quarter worth approximately $220,000. Dfpg Investments LLC increased its stake in shares of Fair Isaac by 19.0% during the fourth quarter. Dfpg Investments LLC now owns 313 shares of the technology company’s stock worth $351,000 after buying an additional 50 shares during the period. Marshall Financial Group LLC purchased a new stake in shares of Fair Isaac during the fourth quarter worth approximately $227,000. Finally, Chapin Davis Inc. increased its stake in shares of Fair Isaac by 0.5% during the fourth quarter. Chapin Davis Inc. now owns 3,957 shares of the technology company’s stock worth $4,606,000 after buying an additional 18 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Raymond James upped their target price 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. Wolfe Research began coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target on the stock. Redburn Atlantic began coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,319.40.

Insider Activity

In related news, Director Joanna Rees sold 1,000 shares of Fair Isaac stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total transaction of $1,255,000.00. Following the completion of the sale, the director now owns 21,118 shares in the company, valued at approximately $26,503,090. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Richard Deal sold 13,591 shares of Fair Isaac stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the sale, the executive vice president now owns 49,314 shares in the company, valued at approximately $67,772,230.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joanna Rees sold 1,000 shares of Fair Isaac stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the sale, the director now owns 21,118 shares of the company’s stock, valued at approximately $26,503,090. The disclosure for this sale can be found here. Insiders sold a total of 16,014 shares of company stock worth $21,888,518 over the last 90 days. 3.54% of the stock is currently owned by corporate insiders.

Fair Isaac Stock Up 1.4 %

Shares of NYSE FICO traded up $21.68 during mid-day trading on Tuesday, hitting $1,611.71. 28,433 shares of the company were exchanged, compared to its average volume of 180,364. The stock has a 50 day simple moving average of $1,408.63 and a 200-day simple moving average of $1,293.21. Fair Isaac Co. has a 1-year low of $810.26 and a 1-year high of $1,617.51. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of 83.47, a price-to-earnings-growth ratio of 4.28 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last released its earnings results on Thursday, April 25th. The technology company reported $5.09 EPS for the quarter, beating analysts’ consensus estimates of $4.89 by $0.20. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. The company had revenue of $433.81 million during the quarter, compared to the consensus estimate of $425.94 million. Analysts anticipate that Fair Isaac Co. will post 19.75 earnings per share for the current fiscal 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.