Marks Group Wealth Management Inc Sells 1,058 Shares of Fair Isaac Co. (NYSE:FICO)

Marks Group Wealth Management Inc cut its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 17.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,092 shares of the technology company's stock after selling 1,058 shares during the quarter. Fair Isaac makes up about 0.9% of Marks Group Wealth Management Inc's portfolio, making the stock its 18th largest position. Marks Group Wealth Management Inc's holdings in Fair Isaac were worth $9,896,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heritage Family Offices LLP raised its holdings in Fair Isaac by 2.0% during the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company's stock worth $498,000 after buying an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Fair Isaac by 5.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company's stock worth $216,000 after purchasing an additional 6 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its stake in shares of Fair Isaac by 4.0% in the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company's stock worth $301,000 after purchasing an additional 6 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Fair Isaac by 1.8% in the second quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company's stock valued at $651,000 after purchasing an additional 7 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its position in shares of Fair Isaac by 2.5% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company's stock valued at $491,000 after buying an additional 8 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on FICO. 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. Royal Bank of Canada raised 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 research report on Thursday, August 1st. Needham & Company LLC upped their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Oppenheimer lifted their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group upped their price objective on Fair Isaac from $1,879.00 to $2,130.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,787.08.

Fair Isaac Stock Up 3.7 %

NYSE:FICO traded up $74.70 during mid-day trading on Wednesday, hitting $2,084.45. 233,977 shares of the stock traded hands, compared to its average volume of 169,960. The business's 50-day moving average price is $1,919.23 and its 200 day moving average price is $1,626.15. The company has a market cap of $51.11 billion, a PE ratio of 105.61, a price-to-earnings-growth ratio of 3.68 and a beta of 1.35. Fair Isaac Co. has a 12-month low of $900.01 and a 12-month high of $2,103.70.

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

Insider Activity at Fair Isaac

In related news, CFO Steven P. Weber sold 1,800 shares of the business's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the transaction, the chief financial officer now owns 575 shares of the company's stock, valued at approximately $997,625. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of Fair Isaac 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 transaction of $5,999,630.00. Following the completion of the sale, the executive vice president now directly owns 19,919 shares in the company, valued at $34,144,751.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the sale, the chief financial officer now owns 575 shares of the company's stock, valued at approximately $997,625. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,261 shares of company stock valued at $21,200,190. Corporate insiders own 3.54% of the company's stock.

Fair Isaac 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.