Capital Investment Advisory Services LLC Buys New Shares in Fair Isaac Co. (NYSE:FICO)

Capital Investment Advisory Services LLC bought a new stake in Fair Isaac Co. (NYSE:FICO) during the fourth quarter, HoldingsChannel reports. The fund bought 224 shares of the technology company’s stock, valued at approximately $261,000.

A number of other institutional investors have also added to or reduced their stakes in FICO. McGlone Suttner Wealth Management Inc. bought a new position in shares of Fair Isaac during the fourth quarter valued at about $35,000. Headlands Technologies LLC bought a new position in shares of Fair Isaac during the third quarter valued at about $42,000. Assetmark Inc. bought a new position in shares of Fair Isaac during the third quarter valued at about $44,000. KB Financial Partners LLC grew its stake in shares of Fair Isaac by 26.2% in the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after purchasing an additional 11 shares during the last quarter. Finally, Operose Advisors LLC bought a new stake in shares of Fair Isaac in the third quarter worth about $50,000. Institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on FICO shares. Redburn Atlantic started coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a research note on Monday. Royal Bank of Canada reissued a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a research note on Friday, January 26th. Barclays raised their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Finally, Raymond James raised their price objective on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,180.45.

Fair Isaac Stock Performance

FICO stock opened at $1,193.03 on Thursday. The firm has a 50 day moving average price of $1,243.37 and a 200-day moving average price of $1,147.33. Fair Isaac Co. has a 52-week low of $708.00 and a 52-week high of $1,349.75. The firm has a market capitalization of $29.65 billion, a price-to-earnings ratio of 66.69, a PEG ratio of 2.63 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last released its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.11. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. The firm had revenue of $382.06 million during the quarter, compared to analyst estimates of $386.55 million. As a group, sell-side analysts forecast that Fair Isaac Co. will post 19.95 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the completion of the transaction, the chief executive officer now directly owns 28,638 shares in the company, valued at $36,081,302.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 24,000 shares of company stock worth $29,011,120. Insiders own 3.54% of the company’s stock.

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.