Lake Street Private Wealth LLC Invests $249,000 in Fair Isaac Co. (NYSE:FICO)

Lake Street Private Wealth LLC bought a new stake in Fair Isaac Co. (NYSE:FICO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 128 shares of the technology company’s stock, valued at approximately $249,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Heritage Family Offices LLP raised its holdings in shares of Fair Isaac by 2.0% in the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after buying an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Fair Isaac by 5.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock valued at $216,000 after acquiring an additional 6 shares during the period. Moss Adams Wealth Advisors LLC boosted its stake in shares of Fair Isaac by 4.0% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after purchasing an additional 6 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Fair Isaac by 1.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock worth $651,000 after purchasing an additional 7 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its position 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 worth $491,000 after purchasing an additional 8 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insiders Place Their Bets

In other news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the sale, the chief financial officer now owns 575 shares in the company, valued at $997,625. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,261 shares of company stock worth $26,291,370. Company insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

FICO has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Wolfe Research started coverage on Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Oppenheimer increased their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada lifted their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird increased their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,787.08.

Fair Isaac Stock Down 1.4 %

Shares of Fair Isaac stock opened at $1,998.66 on Thursday. The business has a fifty day simple moving average of $1,868.28 and a 200 day simple moving average of $1,568.07. The stock has a market cap of $49.39 billion, a PE ratio of 104.92, a price-to-earnings-growth 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.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Analysts expect that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

Fair Isaac declared that its board has initiated a share buyback program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management 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.