Flagship Harbor Advisors LLC Trims Stake in Fair Isaac Corporation $FICO

Flagship Harbor Advisors LLC lowered its stake in Fair Isaac Corporation (NYSE:FICO) by 12.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 807 shares of the technology company’s stock after selling 120 shares during the period. Flagship Harbor Advisors LLC’s holdings in Fair Isaac were worth $1,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Partners LLC purchased a new position in shares of Fair Isaac during the 2nd quarter worth $27,000. Hilltop National Bank purchased a new position in shares of Fair Isaac during the 2nd quarter worth $27,000. Geo Capital Gestora de Recursos Ltd purchased a new position in shares of Fair Isaac during the 1st quarter worth $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Fair Isaac during the 1st quarter worth $30,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after purchasing an additional 5 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 4,942 shares of the stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the sale, the chief executive officer directly owned 43,207 shares in the company, valued at approximately $70,485,307.38. This represents a 10.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 18,032 shares of company stock valued at $28,094,085. 3.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Seaport Res Ptn raised Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Oppenheimer downgraded Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Fair Isaac in a report on Wednesday, October 8th. UBS Group upped their price objective on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Finally, Barclays upped their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,137.43.

Fair Isaac Trading Down 6.0%

Shares of NYSE FICO opened at $1,567.07 on Thursday. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The company has a market cap of $37.61 billion, a P/E ratio of 61.29, a P/E/G ratio of 1.73 and a beta of 1.35. The stock has a fifty day moving average price of $1,577.90 and a 200 day moving average price of $1,680.64.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The firm had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same period in the prior year, the firm earned $6.25 EPS. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, sell-side analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac 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.