Motley Fool Asset Management LLC Has $2.97 Million Stake in Fair Isaac Corporation $FICO

Motley Fool Asset Management LLC grew its position in shares of Fair Isaac Corporation (NYSE:FICO) by 11.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,623 shares of the technology company’s stock after buying an additional 163 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Fair Isaac were worth $2,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. lifted its holdings 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 valued at $31,000 after buying an additional 5 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in shares of Fair Isaac by 4.6% during the 1st quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company’s stock valued at $209,000 after buying an additional 5 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Fair Isaac by 4.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company’s stock valued at $262,000 after buying an additional 6 shares during the last quarter. Forum Financial Management LP lifted its holdings in shares of Fair Isaac by 2.2% during the 1st quarter. Forum Financial Management LP now owns 275 shares of the technology company’s stock valued at $507,000 after buying an additional 6 shares during the last quarter. Finally, Ironwood Investment Counsel LLC lifted its holdings in shares of Fair Isaac by 5.8% during the 1st quarter. Ironwood Investment Counsel LLC now owns 109 shares of the technology company’s stock valued at $201,000 after buying an additional 6 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Trading Down 0.9%

FICO opened at $1,669.41 on Wednesday. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The business has a 50 day moving average of $1,573.73 and a 200-day moving average of $1,682.93. The stock has a market capitalization of $40.07 billion, a price-to-earnings ratio of 65.29, a P/E/G ratio of 1.75 and a beta of 1.35.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on FICO shares. Oppenheimer downgraded Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Raymond James Financial cut their price objective on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Needham & Company LLC reissued a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a research note on Thursday, October 2nd. BMO Capital Markets raised their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a research note on Monday, August 18th. Finally, Zacks Research raised Fair Isaac from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,137.43.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,942 shares of the firm’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the sale, the chief executive officer directly owned 43,207 shares in the company, valued at $70,485,307.38. This trade represents a 10.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 18,032 shares of company stock valued at $28,094,085. Company insiders own 3.46% of the company’s stock.

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.