Cadent Capital Advisors LLC Makes New $1.42 Million Investment in Fair Isaac Corporation (NYSE:FICO)

Cadent Capital Advisors LLC bought a new stake in shares of Fair Isaac Corporation (NYSE:FICO) in the 1st quarter, Holdings Channel reports. The institutional investor bought 772 shares of the technology company’s stock, valued at approximately $1,424,000.

A number of other large investors also recently made changes to their positions in the stock. Rakuten Securities Inc. grew its holdings in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after purchasing an additional 8 shares during the period. Pinnacle Holdings LLC bought a new position in shares of Fair Isaac during the fourth quarter worth $26,000. Avalon Trust Co bought a new position in shares of Fair Isaac during the fourth quarter worth $40,000. OFI Invest Asset Management bought a new position in shares of Fair Isaac during the fourth quarter worth $42,000. Finally, Colonial Trust Co SC grew its holdings in shares of 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 buying an additional 10 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the topic of several research analyst reports. Robert W. Baird raised Fair Isaac from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Barclays dropped their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. Needham & Company LLC reiterated a “buy” rating and set a $2,575.00 price objective on shares of Fair Isaac in a report on Tuesday, June 10th. Oppenheimer increased their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Finally, Bank of America assumed coverage on shares of Fair Isaac in a report on Thursday, April 10th. They set a “buy” rating and a $2,800.00 target price on the stock. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $2,304.15.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the sale, the executive vice president now owns 9,974 shares of the company’s stock, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 592 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total value of $1,284,841.28. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at $91,453,786.92. This trade represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,851 shares of company stock valued at $40,543,770. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

NYSE FICO opened at $1,776.42 on Wednesday. Fair Isaac Corporation has a 52 week low of $1,401.67 and a 52 week high of $2,402.52. The stock’s 50 day moving average price is $1,893.71 and its two-hundred day moving average price is $1,910.84. The stock has a market capitalization of $43.24 billion, a price-to-earnings ratio of 76.50, a PEG ratio of 2.99 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.33 by $0.48. The company had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company earned $6.14 earnings per share. On average, equities research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

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.