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

Merit Financial Group LLC grew its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 128.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 399 shares of the technology company's stock after purchasing 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.

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

Insiders Place Their Bets

In related news, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the transaction, the chief financial officer now owns 1,862 shares in the company, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 592 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at $91,453,786.92. This trade represents a 1.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,841 shares of company stock valued at $29,919,171. Corporate insiders own 3.46% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on FICO shares. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their target price 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 note on Wednesday, May 21st. Oppenheimer increased their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $2,575.00 price target on shares of Fair Isaac in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and an average price target of $2,304.15.

Fair Isaac Trading Down 1.2%

Shares of NYSE:FICO traded down $21.15 during mid-day trading on Thursday, hitting $1,783.85. 217,933 shares of the company traded hands, compared to its average volume of 191,564. The stock has a 50-day moving average price of $1,888.47 and a two-hundred day moving average price of $1,929.91. Fair Isaac Co. has a 12-month low of $1,331.86 and a 12-month high of $2,402.52. The stock has a market cap of $43.42 billion, a P/E ratio of 81.87, a P/E/G ratio of 3.27 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating 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 business had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. During the same period last year, the business earned $6.14 EPS. The business's revenue was up 15.0% on a year-over-year basis. As a group, analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

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.