Cabot Wealth Management Inc. Purchases 986 Shares of Fair Isaac Co. (NYSE:FICO)

Cabot Wealth Management Inc. raised its position in Fair Isaac Co. (NYSE:FICO) by 94.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,035 shares of the technology company’s stock after buying an additional 986 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Fair Isaac were worth $3,955,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new position in Fair Isaac in the 1st quarter valued at about $25,000. Tortoise Investment Management LLC increased its holdings in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares during the period. Advisors Asset Management Inc. bought a new position in Fair Isaac in the 1st quarter valued at about $26,000. Family Firm Inc. bought a new position in Fair Isaac in the 2nd quarter valued at about $34,000. Finally, OFI Invest Asset Management bought a new position in Fair Isaac in the 1st quarter valued at about $31,000. 85.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director James Kirsner sold 3,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at $22,065,174.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of the company’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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the transaction, the director now owns 13,002 shares in the company, valued at approximately $22,065,174.12. The trade was a 0.00 % decrease in their position. 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 over the last ninety days. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded down $7.86 during trading on Tuesday, reaching $2,061.05. The stock had a trading volume of 122,868 shares, compared to its average volume of 171,188. The firm’s fifty day moving average is $1,831.05 and its 200 day moving average is $1,535.00. Fair Isaac Co. has a 52 week low of $811.99 and a 52 week high of $2,103.70. The stock has a market cap of $50.93 billion, a price-to-earnings ratio of 108.60, a P/E/G ratio of 3.78 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last issued its 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). The company had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. On average, research analysts forecast that Fair Isaac Co. will post 19.33 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has approved a stock buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FICO has been the topic of several research reports. Royal Bank of Canada lifted their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. The Goldman Sachs Group lifted their price target on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Wolfe Research initiated coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Barclays lifted their target price on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,787.08.

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.