Cadent Capital Advisors LLC Invests $1.42 Million in Fair Isaac Corporation (NYSE:FICO)

Cadent Capital Advisors LLC bought a new stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 772 shares of the technology company's stock, valued at approximately $1,424,000.

A number of other large investors also recently added to or reduced their stakes in FICO. D.A. Davidson & CO. grew its holdings in shares of Fair Isaac by 1.0% in the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock worth $1,236,000 after purchasing an additional 6 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Fair Isaac by 1.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 403 shares of the technology company's stock valued at $802,000 after buying an additional 6 shares during the period. Meiji Yasuda Life Insurance Co grew its holdings in Fair Isaac by 1.0% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock worth $1,210,000 after acquiring an additional 6 shares during the last quarter. City Holding Co. grew its holdings in Fair Isaac by 11.3% in the 1st quarter. City Holding Co. now owns 59 shares of the technology company's stock worth $109,000 after acquiring an additional 6 shares during the last quarter. Finally, Brighton Jones LLC increased its position in shares of Fair Isaac by 1.5% in the first quarter. Brighton Jones LLC now owns 488 shares of the technology company's stock valued at $900,000 after acquiring an additional 7 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Jefferies Financial Group reissued a "buy" rating and issued a $2,500.00 target price (up from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Bank of America assumed coverage on Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and set a $2,575.00 target price on shares of Fair Isaac in a research note on Tuesday, June 10th. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Finally, Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price target for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,304.15.

Fair Isaac Stock Down 0.8%

Shares of FICO stock traded down $14.37 during mid-day trading on Thursday, reaching $1,762.57. 219,754 shares of the company's stock traded hands, compared to its average volume of 192,968. The company's 50-day moving average price is $1,890.15 and its 200-day moving average price is $1,905.88. The company has a market cap of $42.90 billion, a P/E ratio of 75.91, a P/E/G ratio of 2.89 and a beta of 1.29. Fair Isaac Corporation has a 12 month low of $1,401.67 and a 12 month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The business had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same quarter in the previous year, the firm posted $6.14 earnings per share. Fair Isaac's quarterly revenue was up 15.0% on a year-over-year basis. Equities analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has authorized a stock buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the sale, the executive vice president now directly owns 9,974 shares in the company, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the completion of the transaction, the director now owns 242 shares in the company, valued at approximately $505,175. This represents a 76.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,851 shares of company stock valued at $40,543,770 in the last 90 days. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Company 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.