Perigon Wealth Management LLC Has $302,000 Holdings in Fair Isaac Corporation (NYSE:FICO)

Perigon Wealth Management LLC boosted its position in shares of Fair Isaac Corporation (NYSE:FICO) by 26.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164 shares of the technology company’s stock after buying an additional 34 shares during the period. Perigon Wealth Management LLC’s holdings in Fair Isaac were worth $302,000 at the end of the most recent quarter.

Other hedge funds 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 buying an additional 8 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of Fair Isaac in the 4th quarter valued at approximately $26,000. Avalon Trust Co bought a new stake in shares of Fair Isaac during the 4th quarter valued at approximately $40,000. OFI Invest Asset Management bought a new position in Fair Isaac in the 4th quarter valued at approximately $42,000. Finally, Colonial Trust Co SC lifted its stake in Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company’s stock valued at $48,000 after purchasing an additional 10 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FICO has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $2,500.00 price target (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Oppenheimer upped their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Raymond James Financial reiterated an “outperform” rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Baird R W upgraded Fair Isaac from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $2,575.00 price objective on shares of Fair Isaac in a report on Friday, June 20th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,304.15.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,825.80 on Tuesday. Fair Isaac Corporation has a 52 week low of $1,454.41 and a 52 week high of $2,402.52. The firm’s fifty day moving average is $1,883.93 and its 200-day moving average is $1,880.59. The firm has a market cap of $44.44 billion, a P/E ratio of 78.63, a P/E/G ratio of 2.98 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating analysts’ consensus estimates of $7.33 by $0.48. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The business had revenue of $498.74 million for the quarter, compared to analysts’ expectations of $500.45 million. During the same quarter in the prior year, the firm posted $6.14 earnings per share. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its Board of Directors has authorized a stock repurchase plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at $74,492,399.16. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the stock in a transaction 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 transaction, the director directly owned 242 shares in the company, valued at approximately $505,175. This represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,851 shares of company stock worth $40,543,770. Company insiders own 3.46% 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.