Private Advisory Group LLC Cuts Position in Fair Isaac Corporation (NYSE:FICO)

Key Points

• Private Advisory Group LLC reduced its stake in Fair Isaac Corporation (NYSE:FICO) by 50%, holding 526 shares worth $969,000 as of its latest SEC filing.
• Several institutional investors increased their positions in Fair Isaac, including Brighton Jones LLC, which raised its stake by 168.7%, now owning 481 shares valued at $958,000.
• Fair Isaac announced a $1 billion share repurchase program, indicating that the board believes the company's shares are undervalued.

Private Advisory Group LLC trimmed its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 526 shares of the technology company's stock after selling 526 shares during the period. Private Advisory Group LLC's holdings in Fair Isaac were worth $969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pinnacle Holdings LLC bought a new stake in shares of Fair Isaac in the 4th quarter valued at about $26,000. N.E.W. Advisory Services LLC purchased a new position in shares of Fair Isaac in the 1st quarter valued at approximately $30,000. Meeder Asset Management Inc. raised its position in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after purchasing an additional 5 shares during the last quarter. Mechanics Financial Corp purchased a new position in shares of Fair Isaac in the 1st quarter valued at approximately $46,000. Finally, Colonial Trust Co SC raised its position in shares of 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 purchasing an additional 10 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 3,811 shares of the business's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the transaction, the chief executive officer owned 44,338 shares of the company's stock, valued at approximately $69,432,864.62. The trade was a 7.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven P. Weber sold 1,000 shares of the business's 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 transaction, the chief financial officer directly owned 1,862 shares in the company, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,829 shares of company stock valued at $36,836,320 in the last 90 days. 3.46% of the stock is owned by insiders.

Fair Isaac Price Performance

NYSE FICO traded down $53.25 on Friday, hitting $1,383.47. The company had a trading volume of 798,467 shares, compared to its average volume of 395,901. The company has a market capitalization of $33.67 billion, a PE ratio of 54.11, a PEG ratio of 2.23 and a beta of 1.28. The company's fifty day moving average price is $1,687.81 and its 200-day moving average price is $1,811.36. Fair Isaac Corporation has a 12-month low of $1,350.00 and a 12-month high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. During the same quarter in the previous year, the company posted $6.25 EPS. The firm's quarterly revenue was up 19.8% on a year-over-year basis. On average, sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board has approved a share buyback plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

FICO has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Needham & Company LLC decreased their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Barclays decreased their price objective on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Finally, Oppenheimer decreased their price objective on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research note on Thursday. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $2,163.14.

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.