Motley Fool Asset Management LLC Purchases 163 Shares of Fair Isaac Corporation $FICO

Motley Fool Asset Management LLC increased its position in shares of Fair Isaac Corporation (NYSE:FICO) by 11.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,623 shares of the technology company’s stock after purchasing an additional 163 shares during the period. Motley Fool Asset Management LLC’s holdings in Fair Isaac were worth $2,967,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FICO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Fair Isaac by 29.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock valued at $584,193,000 after purchasing an additional 72,518 shares during the period. Nuveen LLC bought a new stake in shares of Fair Isaac during the first quarter valued at approximately $114,864,000. Vanguard Group Inc. increased its position in shares of Fair Isaac by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock valued at $5,463,202,000 after purchasing an additional 58,740 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Fair Isaac during the second quarter valued at approximately $85,183,000. Finally, Congress Asset Management Co. increased its position in shares of Fair Isaac by 261.2% during the second quarter. Congress Asset Management Co. now owns 48,778 shares of the technology company’s stock valued at $89,164,000 after purchasing an additional 35,272 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,669.41 on Wednesday. The stock’s fifty day moving average is $1,573.73 and its 200-day moving average is $1,682.93. The stock has a market capitalization of $40.07 billion, a PE ratio of 65.29, a PEG ratio of 1.75 and a beta of 1.35. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51.

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

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Fair Isaac in a report on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and set a $1,950.00 price objective on shares of Fair Isaac in a report on Thursday, October 2nd. Zacks Research raised Fair Isaac from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Oppenheimer cut Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Three 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,137.43.

Insider Activity at Fair Isaac

In other 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 transaction of $8,062,082.28. Following the sale, the chief executive officer owned 43,207 shares in the company, valued at approximately $70,485,307.38. This represents a 10.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 18,032 shares of company stock worth $28,094,085 in the last quarter. 3.46% of the stock is currently owned by corporate insiders.

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.