Congress Asset Management Co. Has $24.91 Million Position in Fair Isaac Co. (NYSE:FICO)

Congress Asset Management Co. decreased its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 1.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,506 shares of the technology company's stock after selling 227 shares during the period. Congress Asset Management Co. owned 0.06% of Fair Isaac worth $24,907,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FICO. Rakuten Securities Inc. boosted its holdings 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 acquiring an additional 8 shares during the period. Pinnacle Holdings LLC acquired a new stake in Fair Isaac during the 4th quarter worth approximately $26,000. Avalon Trust Co bought a new stake in Fair Isaac in the 4th quarter valued at $40,000. OFI Invest Asset Management acquired a new position in Fair Isaac in the 4th quarter valued at $42,000. Finally, Colonial Trust Co SC grew its holdings in Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FICO. Needham & Company LLC reissued a "buy" rating and issued a $2,575.00 target price on shares of Fair Isaac in a research report on Tuesday. 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 report on Friday, April 4th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their target price for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Jefferies Financial Group reiterated a "buy" rating and issued a $2,500.00 price target (up from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Finally, Bank of America assumed coverage on Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. Two investment 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $2,304.15.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 2,956 shares of the company's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at $74,210,495.94. This represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the sale, the executive vice president now directly owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,841 shares of company stock valued at $28,180,921 in the last quarter. Insiders own 3.46% of the company's stock.

Fair Isaac Stock Up 0.5%

Shares of FICO stock traded up $8.15 during trading hours on Wednesday, reaching $1,793.15. The company's stock had a trading volume of 130,844 shares, compared to its average volume of 190,674. Fair Isaac Co. has a fifty-two week low of $1,287.99 and a fifty-two week high of $2,402.52. The firm's 50 day simple moving average is $1,886.05 and its 200-day simple moving average is $1,930.80. The company has a market capitalization of $43.65 billion, a price-to-earnings ratio of 82.30, a PEG ratio of 3.27 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results 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 negative return on equity of 53.40% and a net margin of 30.66%. The firm had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. During the same quarter in the previous year, the firm earned $6.14 earnings per share. The business's quarterly revenue was up 15.0% on a year-over-year basis. Sell-side analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

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.