Lmcg Investments LLC Sells 19 Shares of Fair Isaac Co. (NYSE:FICO)

Lmcg Investments LLC lessened its stake in Fair Isaac Co. (NYSE:FICO) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 802 shares of the technology company’s stock after selling 19 shares during the quarter. Lmcg Investments LLC’s holdings in Fair Isaac were worth $1,194,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FICO. Dimensional Fund Advisors LP grew its holdings in shares of Fair Isaac by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 105,267 shares of the technology company’s stock worth $156,704,000 after buying an additional 5,642 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of Fair Isaac during the 2nd quarter worth approximately $256,000. Alta Advisers Ltd acquired a new stake in shares of Fair Isaac in the second quarter valued at approximately $74,000. Inspire Advisors LLC bought a new stake in shares of Fair Isaac in the second quarter worth $445,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Fair Isaac by 8.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,783 shares of the technology company’s stock worth $4,143,000 after purchasing an additional 212 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on FICO. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Needham & Company LLC upped their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays boosted their price target on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Oppenheimer assumed coverage on Fair Isaac in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price objective for the company. Finally, Wolfe Research assumed coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus target price of $1,582.58.

Fair Isaac Stock Performance

Shares of FICO opened at $1,886.08 on Wednesday. The firm has a market cap of $46.61 billion, a P/E ratio of 99.01, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a 52 week low of $811.99 and a 52 week high of $1,907.49. The firm’s 50-day simple moving average is $1,687.50 and its 200 day simple moving average is $1,439.39.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The firm had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. As a group, equities analysts forecast that Fair Isaac Co. will post 19.19 earnings per share for the current year.

Fair Isaac declared that its board has approved a stock repurchase plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark R. Scadina sold 3,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the sale, the executive vice president now directly owns 19,919 shares in the company, valued at approximately $34,144,751.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,261 shares of company stock valued at $26,291,370. 3.54% of the stock is currently owned by corporate insiders.

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.