Merit Financial Group LLC Acquires 224 Shares of Fair Isaac Co. (NYSE:FICO)

Merit Financial Group LLC raised its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 128.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 399 shares of the technology company's stock after buying an additional 224 shares during the quarter. Merit Financial Group LLC's holdings in Fair Isaac were worth $736,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Arlington Financial Advisors LLC lifted its position in shares of Fair Isaac by 100.9% during the 1st quarter. Arlington Financial Advisors LLC now owns 452 shares of the technology company's stock valued at $834,000 after acquiring an additional 227 shares during the period. LVW Advisors LLC increased its stake in Fair Isaac by 5.8% in the first quarter. LVW Advisors LLC now owns 257 shares of the technology company's stock valued at $474,000 after purchasing an additional 14 shares in the last quarter. Czech National Bank raised its holdings in shares of Fair Isaac by 6.2% during the first quarter. Czech National Bank now owns 5,608 shares of the technology company's stock valued at $10,342,000 after purchasing an additional 328 shares during the period. Rhumbline Advisers raised its holdings in shares of Fair Isaac by 3.7% during the first quarter. Rhumbline Advisers now owns 51,873 shares of the technology company's stock valued at $95,662,000 after purchasing an additional 1,867 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Fair Isaac by 5.2% during the 1st quarter. Parallel Advisors LLC now owns 522 shares of the technology company's stock worth $962,000 after purchasing an additional 26 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

Fair Isaac stock opened at $1,775.26 on Monday. 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 $1,889.21 and its 200 day simple moving average is $1,936.09. The stock has a market cap of $43.21 billion, a PE ratio of 81.47, a price-to-earnings-growth ratio of 3.27 and a beta of 1.29.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price target for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Raymond James reaffirmed an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Needham & Company LLC boosted their price target on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Finally, Oppenheimer raised their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average price target of $2,304.15.

Insider Buying and Selling at Fair Isaac

In related news, 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 value of $1,663,737.50. Following the transaction, the director now owns 242 shares in the company, valued at approximately $505,175. This represents a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $74,210,495.94. This represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,933 shares of company stock worth $35,250,629 in the last quarter. 3.46% of the stock is currently owned by company insiders.

About Fair Isaac

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.

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