Wedmont Private Capital Has $402,000 Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Wedmont Private Capital lifted its stake in shares of Fair Isaac Co. (NYSE:FICO) by 11.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 253 shares of the technology company’s stock after buying an additional 25 shares during the quarter. Wedmont Private Capital’s holdings in Fair Isaac were worth $402,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FICO. First Horizon Advisors Inc. increased its holdings in Fair Isaac by 28.1% in the 4th quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock valued at $48,000 after buying an additional 9 shares during the period. Panagora Asset Management Inc. increased its holdings in Fair Isaac by 0.8% in the 4th quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock valued at $1,419,000 after buying an additional 10 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in Fair Isaac by 3.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock valued at $407,000 after buying an additional 10 shares during the period. Lincoln National Corp increased its holdings in Fair Isaac by 2.8% in the 4th quarter. Lincoln National Corp now owns 399 shares of the technology company’s stock valued at $464,000 after buying an additional 11 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Fair Isaac by 25.0% during the 2nd quarter. GAMMA Investing LLC now owns 55 shares of the technology company’s stock valued at $82,000 after purchasing an additional 11 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In related news, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 19,919 shares in the company, valued at approximately $34,144,751.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Richard Deal sold 13,591 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 49,314 shares in the company, valued at $67,772,230.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark R. Scadina sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the sale, the executive vice president now owns 19,919 shares of the company’s stock, valued at approximately $34,144,751.42. The disclosure for this sale can be found here. Insiders have sold 21,014 shares of company stock worth $31,049,328 in the last quarter. Company insiders own 3.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FICO. Needham & Company LLC lifted their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company assumed coverage on shares of Fair Isaac in a research report on Monday. They set an “overweight” rating and a $2,100.00 target price on the stock. Robert W. Baird lifted their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Redburn Atlantic assumed coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 target price on the stock. Finally, Barclays lifted their target price on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,515.82.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded up $52.36 during trading on Tuesday, reaching $1,772.36. 83,839 shares of the company traded hands, compared to its average volume of 180,191. Fair Isaac Co. has a 1-year low of $811.99 and a 1-year high of $1,776.32. The company has a 50 day moving average price of $1,519.09 and a 200-day moving average price of $1,351.94. The firm has a market capitalization of $43.80 billion, a PE ratio of 90.23, a P/E/G ratio of 4.26 and a beta of 1.34.

Fair Isaac declared that its board has approved a share repurchase plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.