Fair Isaac Co. (NYSE:FICO) Shares Sold by SpiderRock Advisors LLC

SpiderRock Advisors LLC decreased its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 11.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,137 shares of the technology company's stock after selling 511 shares during the period. SpiderRock Advisors LLC's holdings in Fair Isaac were worth $8,040,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CWA Asset Management Group LLC acquired a new position in shares of Fair Isaac in the 3rd quarter valued at $245,000. Capital Performance Advisors LLP acquired a new position in shares of Fair Isaac in the 3rd quarter valued at $25,000. Portside Wealth Group LLC boosted its holdings in shares of Fair Isaac by 11.2% in the 3rd quarter. Portside Wealth Group LLC now owns 239 shares of the technology company's stock valued at $465,000 after buying an additional 24 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after buying an additional 1,977 shares in the last quarter. Finally, Graypoint LLC acquired a new stake in Fair Isaac during the 3rd quarter worth $292,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Activity

In other news, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the transaction, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $9,895,392.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joanna Rees sold 3,961 shares of the firm'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 own 3.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FICO shares. Wells Fargo & Company increased their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research note on Thursday. UBS Group started coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price target for the company. Needham & Company LLC increased their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a "buy" rating in a research note on Thursday. Oppenheimer increased 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 note on Tuesday, October 8th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday. 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 stock has an average rating of "Moderate Buy" and a consensus price target of $1,964.92.

Fair Isaac Trading Up 7.2 %

Shares of FICO traded up $156.19 during trading hours on Friday, reaching $2,332.29. The company had a trading volume of 275,985 shares, compared to its average volume of 154,391. The firm has a 50 day simple moving average of $1,947.74 and a 200-day simple moving average of $1,644.51. The company has a market capitalization of $56.79 billion, a price-to-earnings ratio of 114.05, a PEG ratio of 3.87 and a beta of 1.35. Fair Isaac Co. has a 12-month low of $900.01 and a 12-month high of $2,351.98.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $5.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.44 by ($0.10). The company had revenue of $453.81 million during the quarter, compared to analysts' expectations of $454.78 million. Fair Isaac had a net margin of 29.86% and a negative return on equity of 63.35%. Sell-side analysts forecast that Fair Isaac Co. will post 24.74 earnings per share for the current year.

Fair Isaac announced that its board has initiated a stock buyback 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 purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.