Conestoga Capital Advisors LLC Sells 6,826 Shares of Fair Isaac Co. (NYSE:FICO)

Conestoga Capital Advisors LLC decreased its stake in Fair Isaac Co. (NYSE:FICO) by 32.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,281 shares of the technology company’s stock after selling 6,826 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 0.06% of Fair Isaac worth $27,755,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FICO. EntryPoint Capital LLC acquired a new position in shares of Fair Isaac in the 1st quarter worth approximately $25,000. Advisors Asset Management Inc. acquired a new position in Fair Isaac in the first quarter worth $26,000. Tortoise Investment Management LLC grew its holdings in shares of Fair Isaac by 81.8% during the second 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. Family Firm Inc. acquired a new stake in shares of Fair Isaac in the second quarter valued at $34,000. Finally, Covestor Ltd lifted its position in Fair Isaac by 140.0% during the 1st quarter. Covestor Ltd now owns 36 shares of the technology company’s stock worth $46,000 after buying an additional 21 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Mark R. Scadina sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the sale, the executive vice president now directly owns 19,919 shares in the company, valued at approximately $34,144,751.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed 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 that occurred 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 of the company’s stock, valued at approximately $22,065,174.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by corporate insiders.

Fair Isaac Price Performance

Fair Isaac stock traded up $8.52 during midday trading on Friday, hitting $2,001.63. The company’s stock had a trading volume of 45,955 shares, compared to its average volume of 169,646. The company has a market cap of $49.08 billion, a price-to-earnings ratio of 104.81, a PEG ratio of 3.71 and a beta of 1.35. Fair Isaac Co. has a 1-year low of $879.69 and a 1-year high of $2,103.70. The company has a 50-day moving average price of $1,902.79 and a two-hundred day moving average price of $1,601.90.

Fair Isaac (NYSE:FICO) last issued 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). The company had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. Sell-side analysts forecast that Fair Isaac Co. will post 19.33 EPS for the current year.

Fair Isaac announced that its Board of Directors has authorized a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FICO shares. Barclays increased their price target on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Royal Bank of Canada boosted their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Needham & Company LLC raised 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. UBS Group assumed coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price on the stock. Finally, Oppenheimer lifted their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.