SMI Advisory Services LLC Takes Position in Fair Isaac Co. (NYSE:FICO)

SMI Advisory Services LLC purchased a new stake in Fair Isaac Co. (NYSE:FICO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,356 shares of the technology company’s stock, valued at approximately $4,091,000. Fair Isaac accounts for about 1.1% of SMI Advisory Services LLC’s investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors have also recently bought and sold shares of the business. DGS Capital Management LLC boosted its holdings in Fair Isaac by 97.3% in the 1st quarter. DGS Capital Management LLC now owns 586 shares of the technology company’s stock valued at $732,000 after purchasing an additional 289 shares during the period. Security Financial Services INC. increased its stake in Fair Isaac by 10.4% in the 1st quarter. Security Financial Services INC. now owns 212 shares of the technology company’s stock worth $265,000 after acquiring an additional 20 shares during the last quarter. MJP Associates Inc. ADV raised its holdings in shares of Fair Isaac by 22.2% in the 1st quarter. MJP Associates Inc. ADV now owns 253 shares of the technology company’s stock valued at $316,000 after acquiring an additional 46 shares in the last quarter. Aprio Wealth Management LLC bought a new stake in shares of Fair Isaac during the 1st quarter valued at about $219,000. Finally, Threadgill Financial LLC purchased a new position in shares of Fair Isaac during the first quarter worth about $329,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Trading Up 0.7 %

Shares of NYSE FICO opened at $1,480.18 on Thursday. The firm has a fifty day simple moving average of $1,311.94 and a two-hundred day simple moving average of $1,257.69. The firm has a market capitalization of $36.58 billion, a PE ratio of 77.17, a price-to-earnings-growth ratio of 3.92 and a beta of 1.31. Fair Isaac Co. has a 12 month low of $773.50 and a 12 month high of $1,480.18.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.89 by $0.20. The firm had revenue of $433.81 million for the quarter, compared to the consensus estimate of $425.94 million. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. On average, sell-side analysts predict that Fair Isaac Co. will post 19.75 earnings per share for the current year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the sale, the chief executive officer now owns 12,638 shares in the company, valued at approximately $14,414,270.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Fair Isaac news, EVP Richard Deal sold 13,591 shares of Fair Isaac stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the completion of the transaction, the executive vice president now directly owns 49,314 shares of the company’s stock, valued at $67,772,230.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 8,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the sale, the chief executive officer now owns 12,638 shares in the company, valued at approximately $14,414,270.90. The disclosure for this sale can be found here. Insiders sold a total of 24,014 shares of company stock valued at $31,012,918 in the last three months. Company insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FICO shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a research note on Tuesday, June 11th. Redburn Atlantic initiated coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective on the stock. Finally, Raymond James increased their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,274.33.

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.