SageView Advisory Group LLC Lowers Stake in Fair Isaac Co. (NYSE:FICO)

SageView Advisory Group LLC lessened its stake in Fair Isaac Co. (NYSE:FICO) by 8.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 189 shares of the technology company’s stock after selling 18 shares during the period. SageView Advisory Group LLC’s holdings in Fair Isaac were worth $236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. International Assets Investment Management LLC grew its holdings in Fair Isaac by 112,366.2% during the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock worth $464,737,000 after acquiring an additional 398,900 shares in the last quarter. Principal Financial Group Inc. raised its stake in Fair Isaac by 30.2% in the first quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock worth $445,660,000 after buying an additional 82,699 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Fair Isaac by 25.2% during the fourth quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock worth $330,072,000 after buying an additional 57,010 shares during the period. Norges Bank bought a new position in shares of Fair Isaac in the 4th quarter worth $259,509,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Fair Isaac by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,484 shares of the technology company’s stock worth $185,641,000 after purchasing an additional 2,452 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

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

Fair Isaac Trading Up 1.4 %

NYSE FICO traded up $22.24 on Friday, reaching $1,607.00. 66,420 shares of the company were exchanged, compared to its average volume of 180,063. The business’s fifty day moving average price is $1,429.05 and its 200 day moving average price is $1,300.49. The stock has a market capitalization of $39.71 billion, a P/E ratio of 84.28, a price-to-earnings-growth ratio of 4.32 and a beta of 1.34. Fair Isaac Co. has a fifty-two week low of $810.26 and a fifty-two week high of $1,635.68.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.89 by $0.20. The business had revenue of $433.81 million during the quarter, compared to analysts’ expectations of $425.94 million. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. Equities research analysts forecast that Fair Isaac Co. will post 19.73 earnings per share for the current year.

Analyst Ratings Changes

FICO has been the subject of several analyst reports. Wolfe Research assumed coverage on Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price objective for the company. Redburn Atlantic started coverage on Fair Isaac in a report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target for the company. Raymond James increased their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,319.40.

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.