Fair Isaac Co. (NYSE:FICO) Shares Sold by Northwest Investment Counselors LLC

Northwest Investment Counselors LLC trimmed its stake in shares of Fair Isaac Co. (NYSE:FICO) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 portfolio, making the stock its 12th largest position. Northwest Investment Counselors LLC’s holdings in Fair Isaac were worth $6,890,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in shares of Fair Isaac during the first quarter valued at approximately $25,000. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac during the 1st quarter valued at about $26,000. Tortoise Investment Management LLC grew its stake in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Fair Isaac in the 1st quarter worth approximately $31,000. Finally, Family Firm Inc. acquired a new stake in Fair Isaac during the second quarter valued at approximately $34,000. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling at Fair Isaac

In related news, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the firm’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 value of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the sale, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,261 shares of company stock worth $26,291,370 over the last ninety days. Company insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded up $8.95 during midday trading on Monday, reaching $1,982.41. 111,004 shares of the company’s stock traded hands, compared to its average volume of 170,476. The company has a market cap of $48.99 billion, a price-to-earnings ratio of 103.59, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Fair Isaac Co. has a 52 week low of $811.99 and a 52 week high of $2,103.70. The company’s 50 day simple moving average is $1,857.71 and its 200 day simple moving average is $1,554.84.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 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 company had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. As a group, equities research analysts predict that Fair Isaac Co. will post 19.33 earnings per share for the current year.

Fair Isaac declared that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group upped their price target on Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Barclays increased their price target on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Oppenheimer increased their target price 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. Needham & Company LLC lifted their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Wolfe Research initiated coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus 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.