Congress Asset Management Co. Lowers Stock Position in Fair Isaac Co. (NYSE:FICO)

Congress Asset Management Co. cut its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,506 shares of the technology company's stock after selling 227 shares during the quarter. Congress Asset Management Co. owned approximately 0.06% of Fair Isaac worth $24,907,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its stake in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after buying an additional 8 shares during the period. Pinnacle Holdings LLC acquired a new position in Fair Isaac in the 4th quarter valued at about $26,000. Avalon Trust Co purchased a new stake in Fair Isaac during the 4th quarter valued at approximately $40,000. OFI Invest Asset Management acquired a new stake in Fair Isaac during the 4th quarter worth approximately $42,000. Finally, Colonial Trust Co SC lifted its position in Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of FICO stock traded down $28.76 during midday trading on Monday, reaching $1,746.34. 234,788 shares of the company traded hands, compared to its average volume of 190,596. The firm has a market cap of $42.51 billion, a PE ratio of 80.14, a price-to-earnings-growth ratio of 3.27 and a beta of 1.29. The firm's 50 day simple moving average is $1,889.21 and its two-hundred day simple moving average is $1,936.09. Fair Isaac Co. has a 1-year low of $1,287.99 and a 1-year high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The company had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. During the same period in the previous year, the business earned $6.14 earnings per share. Fair Isaac's quarterly revenue was up 15.0% compared to the same quarter last year. As a group, research analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Raymond James restated an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price objective for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Barclays cut their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Needham & Company LLC lifted their target price on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a "buy" rating in a report on Monday, May 12th. Finally, Bank of America started coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average price target of $2,304.15.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 592 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $2,170.34, for a total transaction of $1,284,841.28. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $91,453,786.92. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction dated Friday, May 9th. The shares were 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 trade represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,933 shares of company stock valued at $35,250,629. Insiders own 3.46% 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.