Northwest Investment Counselors LLC Sells 16 Shares of Fair Isaac Co. (NYSE:FICO)

Northwest Investment Counselors LLC decreased its position in Fair Isaac Co. (NYSE:FICO) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,545 shares of the technology company’s stock after selling 16 shares during the quarter. Fair Isaac comprises 1.6% of Northwest Investment Counselors LLC’s investment portfolio, making the stock its 12th largest holding. Northwest Investment Counselors LLC’s holdings in Fair Isaac were worth $6,890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after buying an additional 35,263 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Fair Isaac by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after acquiring an additional 174,397 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Fair Isaac by 3.9% during the second quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock valued at $551,706,000 after purchasing an additional 13,966 shares during the period. American Century Companies Inc. increased its stake in Fair Isaac by 6.7% in the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after purchasing an additional 21,768 shares in the last quarter. Finally, Capital International Investors raised its holdings in Fair Isaac by 4.5% in the first quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock worth $226,687,000 after purchasing an additional 7,884 shares during the period. 85.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of recent analyst reports. Wolfe Research initiated coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. Needham & Company LLC increased their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Oppenheimer lifted their price objective on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. The Goldman Sachs Group increased their target price on Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,787.08.

Insider Buying and Selling at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the sale, the chief financial officer now owns 575 shares in the company, valued at $997,625. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated 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. Insiders have sold a total of 15,261 shares of company stock valued at $26,291,370 in the last three months. 3.54% of the stock is currently owned by company insiders.

Fair Isaac Trading Up 0.5 %

Shares of FICO traded up $8.95 during mid-day trading on Monday, reaching $1,982.41. The company’s stock had a trading volume of 111,004 shares, compared to its average volume of 170,476. Fair Isaac Co. has a 1-year low of $811.99 and a 1-year high of $2,103.70. The business has a 50-day simple moving average of $1,857.71 and a two-hundred day simple moving average of $1,554.84. The stock has a market cap of $48.99 billion, a P/E ratio of 103.59, a PEG ratio of 3.78 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.34). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The business had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. Research 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 buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

About Fair Isaac

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.