Procyon Advisors LLC Raises Holdings in Fair Isaac Co. (NYSE:FICO)

Procyon Advisors LLC boosted its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 76.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,313 shares of the technology company's stock after buying an additional 568 shares during the quarter. Procyon Advisors LLC's holdings in Fair Isaac were worth $2,422,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its stake in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after acquiring an additional 8 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in Fair Isaac in the fourth quarter valued at $26,000. Avalon Trust Co acquired a new position in Fair Isaac in the fourth quarter valued at $40,000. OFI Invest Asset Management acquired a new position in Fair Isaac in the fourth quarter valued at $42,000. Finally, Colonial Trust Co SC boosted its stake in Fair Isaac by 71.4% in the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after acquiring an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Up 0.2%

NYSE FICO traded up $3.36 during trading hours on Friday, hitting $1,775.26. 176,306 shares of the stock were exchanged, compared to its average volume of 190,418. The company has a market cap of $43.21 billion, a price-to-earnings ratio of 81.47, a price-to-earnings-growth ratio of 3.27 and a beta of 1.29. Fair Isaac Co. has a 12-month low of $1,287.99 and a 12-month high of $2,402.52. The stock has a 50-day moving average of $1,889.21 and a 200 day moving average of $1,936.09.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same period in the prior year, the company posted $6.14 earnings per share. The firm's revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $72,801,401.22. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the stock in a transaction dated Friday, May 9th. The shares were 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 trade represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,933 shares of company stock valued at $35,250,629. Corporate insiders own 3.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Oppenheimer upped 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. Royal Bank of Canada upgraded shares of 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 research note on Wednesday, February 26th. Raymond James reiterated an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Jefferies Financial Group reiterated a "buy" rating and set a $2,500.00 target price (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Finally, Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $2,304.15.

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.