Procyon Advisors LLC Purchases 568 Shares of Fair Isaac Co. (NYSE:FICO)

Procyon Advisors LLC grew its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 76.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,313 shares of the technology company's stock after purchasing an additional 568 shares during the period. Procyon Advisors LLC's holdings in Fair Isaac were worth $2,422,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FICO. Unique Wealth LLC boosted its position in shares of Fair Isaac by 38.1% during the 1st quarter. Unique Wealth LLC now owns 355 shares of the technology company's stock worth $655,000 after acquiring an additional 98 shares in the last quarter. Signal Advisors Wealth LLC boosted its position in shares of Fair Isaac by 5.1% during the 1st quarter. Signal Advisors Wealth LLC now owns 187 shares of the technology company's stock worth $345,000 after acquiring an additional 9 shares in the last quarter. Thrive Wealth Management LLC acquired a new stake in shares of Fair Isaac during the 1st quarter worth approximately $210,000. Peak Financial Advisors LLC acquired a new stake in shares of Fair Isaac during the 1st quarter worth approximately $2,877,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Fair Isaac by 2.8% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 923 shares of the technology company's stock valued at $1,702,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 592 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total value 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 $91,453,786.92. The trade was a 1.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marc F. Mcmorris sold 797 shares of the business'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 transaction of $1,663,737.50. Following the completion of the transaction, the director now directly owns 242 shares of the company's stock, valued at approximately $505,175. This represents a 76.71% decrease in their position. 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. Corporate insiders own 3.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on FICO. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Barclays lowered their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Jefferies Financial Group reissued a "buy" rating and set a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Raymond James reiterated an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Finally, Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Two 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 stock. Based on data from MarketBeat.com, Fair Isaac currently has an average rating of "Moderate Buy" and a consensus target price of $2,304.15.

Fair Isaac Stock Performance

FICO stock traded up $34.76 during mid-day trading on Tuesday, hitting $1,784.17. The company had a trading volume of 197,989 shares, compared to its average volume of 190,885. The stock's fifty day moving average price is $1,886.05 and its two-hundred day moving average price is $1,930.80. Fair Isaac Co. has a 12 month low of $1,287.99 and a 12 month high of $2,402.52. The firm has a market cap of $43.43 billion, a PE ratio of 81.88, a price-to-earnings-growth ratio of 3.27 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last posted 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 business had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Fair Isaac's revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.14 EPS. Equities analysts anticipate 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.