Grove Bank & Trust Sells 60 Shares of Fair Isaac Co. (NYSE:FICO)

Grove Bank & Trust lessened its stake in shares of Fair Isaac Co. (NYSE:FICO) by 37.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 100 shares of the technology company’s stock after selling 60 shares during the period. Grove Bank & Trust’s holdings in Fair Isaac were worth $194,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FICO. SageView Advisory Group LLC acquired a new position in Fair Isaac during the fourth quarter valued at approximately $248,000. B. Riley Wealth Advisors Inc. raised its holdings in Fair Isaac by 48.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 954 shares of the technology company’s stock worth $1,110,000 after acquiring an additional 312 shares during the period. PNC Financial Services Group Inc. lifted its position in Fair Isaac by 4.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,627 shares of the technology company’s stock worth $1,894,000 after acquiring an additional 71 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Fair Isaac during the fourth quarter valued at about $4,648,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Fair Isaac in the fourth quarter worth about $336,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO opened at $2,068.91 on Tuesday. The company has a market capitalization of $51.12 billion, a P/E ratio of 108.60, a PEG ratio of 3.78 and a beta of 1.35. Fair Isaac Co. has a one year low of $811.99 and a one year high of $2,085.20. The business’s 50 day simple moving average is $1,831.05 and its 200-day simple moving average is $1,535.00.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The business had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. On average, sell-side analysts anticipate that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

Fair Isaac announced that its board has approved a share repurchase program on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at approximately $997,625. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays raised their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Needham & Company LLC boosted their target price on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company increased their price target on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. UBS Group started coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,787.08.

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.