Resonant Capital Advisors LLC Has $583,000 Position in Fair Isaac Co. (NYSE:FICO)

Resonant Capital Advisors LLC lifted its stake in shares of Fair Isaac Co. (NYSE:FICO) by 3.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 300 shares of the technology company’s stock after buying an additional 11 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Fair Isaac were worth $583,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after acquiring an additional 35,263 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after buying an additional 174,397 shares in the last quarter. Principal Financial Group Inc. increased its position in Fair Isaac by 3.9% during the 2nd quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock worth $551,706,000 after buying an additional 13,966 shares during the period. American Century Companies Inc. lifted its holdings in shares of Fair Isaac by 6.7% during the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock worth $514,523,000 after buying an additional 21,768 shares in the last quarter. Finally, Capital International Investors boosted its position in shares of Fair Isaac by 4.5% in the first quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock valued at $226,687,000 after acquiring an additional 7,884 shares during the period. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the transaction, the chief financial officer now directly owns 575 shares in the company, valued at approximately $997,625. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 19,919 shares of the company’s stock, valued at $34,144,751.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the transaction, the chief financial officer now directly owns 575 shares in the company, valued at $997,625. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock worth $26,291,370 in the last 90 days. Insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

FICO has been the subject of several analyst reports. Robert W. Baird lifted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Oppenheimer boosted their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Wolfe Research began coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. Barclays lifted their price objective on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, Royal Bank of Canada increased their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,787.08.

Fair Isaac Stock Down 3.2 %

Fair Isaac stock opened at $1,973.46 on Monday. The stock has a market cap of $48.77 billion, a PE ratio of 103.59, a P/E/G ratio of 3.78 and a beta of 1.35. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $2,103.70. The business’s 50-day moving average price is $1,857.71 and its two-hundred day moving average price is $1,554.84.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The company had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. As a group, analysts expect that Fair Isaac Co. will post 19.33 earnings per share for the current year.

Fair Isaac declared that its board has approved a share buyback program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

About Fair Isaac

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.