Harbor Investment Advisory LLC grew its position in Fair Isaac Co. (NYSE:FICO – Get Rating) by 14.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 724 shares of the technology company's stock after purchasing an additional 90 shares during the period. Harbor Investment Advisory LLC's holdings in Fair Isaac were worth $290,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ritholtz Wealth Management lifted its position in Fair Isaac by 327.0% during the 2nd quarter. Ritholtz Wealth Management now owns 1,994 shares of the technology company's stock worth $799,000 after buying an additional 1,527 shares in the last quarter. Handelsinvest Investeringsforvaltning raised its holdings in Fair Isaac by 2.4% during the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 41,990 shares of the technology company's stock worth $16,834,000 after purchasing an additional 990 shares during the last quarter. Diversified Trust Co raised its holdings in Fair Isaac by 36.8% during the 2nd quarter. Diversified Trust Co now owns 1,012 shares of the technology company's stock worth $406,000 after purchasing an additional 272 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Fair Isaac by 7.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 1,334 shares of the technology company's stock worth $535,000 after purchasing an additional 98 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Fair Isaac by 32.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,278 shares of the technology company's stock worth $2,516,000 after purchasing an additional 1,545 shares during the last quarter. Institutional investors and hedge funds own 86.95% of the company's stock.
Get Fair Isaac alerts:Insider Activity at Fair Isaac
In related news, Director Marc F. Mcmorris sold 516 shares of the business's stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $493.13, for a total value of $254,455.08. Following the completion of the transaction, the director now directly owns 242 shares in the company, valued at approximately $119,337.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.05% of the stock is owned by insiders.
Fair Isaac Price Performance
Shares of FICO stock opened at $428.18 on Tuesday. The stock has a market cap of $10.81 billion, a PE ratio of 31.37 and a beta of 1.22. The stock has a 50-day moving average of $463.87 and a 200-day moving average of $429.51. Fair Isaac Co. has a one year low of $340.48 and a one year high of $531.03.Fair Isaac (NYSE:FICO – Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The technology company reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.36. Fair Isaac had a negative return on equity of 67.14% and a net margin of 27.04%. The business had revenue of $348.97 million during the quarter, compared to analyst estimates of $343.50 million. As a group, research analysts anticipate that Fair Isaac Co. will post 14.06 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have weighed in on FICO shares. Barclays boosted their price objective on Fair Isaac from $450.00 to $535.00 and gave the stock an "overweight" rating in a report on Thursday, August 4th. TheStreet raised Fair Isaac from a "c+" rating to a "b" rating in a report on Wednesday, August 31st. Finally, Robert W. Baird upped their price target on Fair Isaac from $493.00 to $546.00 in a research note on Thursday, August 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $546.40.
Fair Isaac Company Profile
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Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.
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