Clarity Wealth Advisors LLC Takes Position in Fair Isaac Co. (NYSE:FICO)

Clarity Wealth Advisors LLC bought a new stake in Fair Isaac Co. (NYSE:FICO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 293 shares of the technology company’s stock, valued at approximately $366,000.

Several other institutional investors also recently modified their holdings of FICO. Kestra Advisory Services LLC bought a new position in shares of Fair Isaac in the third quarter valued at approximately $243,000. FMR LLC lifted its stake in Fair Isaac by 72.8% in the third quarter. FMR LLC now owns 87,527 shares of the technology company’s stock valued at $76,020,000 after purchasing an additional 36,863 shares during the last quarter. LPL Financial LLC lifted its stake in Fair Isaac by 390.3% in the third quarter. LPL Financial LLC now owns 21,691 shares of the technology company’s stock valued at $18,840,000 after purchasing an additional 17,267 shares during the last quarter. Mariner LLC lifted its stake in Fair Isaac by 93.3% in the third quarter. Mariner LLC now owns 3,319 shares of the technology company’s stock valued at $2,883,000 after purchasing an additional 1,602 shares during the last quarter. Finally, Algert Global LLC purchased a new position in Fair Isaac in the third quarter valued at approximately $644,000. 85.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Mark R. Scadina sold 423 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total value of $580,406.76. Following the transaction, the executive vice president now owns 32,229 shares of the company’s stock, valued at $44,222,055.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Mark R. Scadina sold 423 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total value of $580,406.76. Following the transaction, the executive vice president now owns 32,229 shares of the company’s stock, valued at $44,222,055.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 8,000 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,638 shares in the company, valued at approximately $14,414,270.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,014 shares of company stock worth $31,012,918. Corporate insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the topic of several research analyst reports. Raymond James upped their price objective 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. Redburn Atlantic started coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,274.33.

Fair Isaac Stock Up 0.8 %

Shares of FICO stock traded up $11.15 on Friday, reaching $1,488.66. The company’s stock had a trading volume of 340,261 shares, compared to its average volume of 148,389. Fair Isaac Co. has a 12-month low of $776.63 and a 12-month high of $1,518.27. The company has a market capitalization of $36.78 billion, a P/E ratio of 78.14, a PEG ratio of 4.01 and a beta of 1.31. The stock’s 50 day simple moving average is $1,325.42 and its 200-day simple moving average is $1,262.99.

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

Fair Isaac Company 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.