Fair Isaac Co. (NYSE:FICO) Stock Holdings Reduced by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division reduced its position in Fair Isaac Co. (NYSE:FICO) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 869 shares of the technology company’s stock after selling 44 shares during the period. Central Pacific Bank Trust Division’s holdings in Fair Isaac were worth $1,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FICO. EverSource Wealth Advisors LLC lifted its stake in Fair Isaac by 1.8% in the second quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock valued at $651,000 after acquiring an additional 7 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Fair Isaac by 2.5% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock valued at $491,000 after purchasing an additional 8 shares in the last quarter. Western Financial Corp CA boosted its holdings in Fair Isaac by 1.3% in the second quarter. Western Financial Corp CA now owns 717 shares of the technology company’s stock worth $1,067,000 after purchasing an additional 9 shares in the last quarter. Tortoise Investment Management LLC lifted its position in shares of Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after buying an additional 9 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Fair Isaac by 3.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock worth $407,000 after acquiring an additional 10 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FICO has been the subject of several analyst reports. Barclays boosted their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. The Goldman Sachs Group boosted their price objective on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. UBS Group assumed coverage on shares of Fair Isaac in a report on Tuesday. They issued a “neutral” rating and a $2,100.00 target price on the stock. Finally, Oppenheimer initiated coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price target for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,775.25.

Insider Activity at Fair Isaac

In related news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the transaction, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark R. Scadina sold 3,500 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the completion of the transaction, the executive vice president now directly owns 19,919 shares in the company, valued at approximately $34,144,751.42. The disclosure for this sale can be found here. Insiders have sold a total of 15,261 shares of company stock valued at $26,291,370 in the last 90 days. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,938.16 on Thursday. The firm has a fifty day moving average of $1,767.57 and a 200-day moving average of $1,492.25. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,962.96. The stock has a market cap of $47.89 billion, a price-to-earnings ratio of 101.74, a P/E/G ratio of 4.69 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The company had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. On average, sell-side analysts predict that Fair Isaac Co. will post 19.19 earnings per share for the current year.

Fair Isaac declared that its Board of Directors has authorized a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.