Fair Isaac Co. (NYSE:FICO) Shares Sold by Silvant Capital Management LLC

Silvant Capital Management LLC trimmed its position in Fair Isaac Co. (NYSE:FICO) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,540 shares of the technology company’s stock after selling 3,712 shares during the period. Fair Isaac makes up about 3.5% of Silvant Capital Management LLC’s holdings, making the stock its 7th biggest position. Silvant Capital Management LLC owned approximately 0.17% of Fair Isaac worth $80,734,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Oak Ridge Investments LLC purchased a new position in Fair Isaac in the third quarter valued at about $406,000. AustralianSuper Pty Ltd raised its holdings in Fair Isaac by 1,270.9% during the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after purchasing an additional 67,931 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in Fair Isaac during the third quarter worth $2,101,000. Pinnacle Associates Ltd. grew its holdings in Fair Isaac by 8.0% in the third quarter. Pinnacle Associates Ltd. now owns 175 shares of the technology company’s stock valued at $340,000 after purchasing an additional 13 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Fair Isaac by 24.7% in the third quarter. First Trust Direct Indexing L.P. now owns 808 shares of the technology company’s stock valued at $1,571,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mark R. Scadina sold 3,500 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the completion of the sale, the executive vice president now directly owns 19,919 shares of the company’s stock, valued at approximately $34,144,751.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Joanna Rees sold 3,961 shares of the stock in a transaction on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark R. Scadina sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the transaction, the executive vice president now owns 19,919 shares of the company’s stock, valued at approximately $34,144,751.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,261 shares of company stock worth $26,291,370. Insiders own 3.54% of the company’s stock.

Fair Isaac Trading Down 0.2 %

Shares of NYSE FICO opened at $1,988.91 on Friday. The company has a market capitalization of $48.77 billion, a price-to-earnings ratio of 104.57, a PEG ratio of 3.71 and a beta of 1.35. The firm has a 50-day moving average of $1,907.66 and a two-hundred day moving average of $1,607.72. Fair Isaac Co. has a twelve month low of $879.69 and a twelve month high of $2,103.70.

Fair Isaac (NYSE:FICO) last announced 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). The company had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. As a group, research analysts predict that Fair Isaac Co. will post 19.33 earnings per share for the current year.

Fair Isaac declared that its Board of Directors has initiated a share buyback plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FICO shares. The Goldman Sachs Group upped their target price on 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. UBS Group assumed coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Wolfe Research assumed coverage on Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price objective on the stock. Wells Fargo & Company increased their target price on Fair Isaac from $2,100.00 to $2,200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Robert W. Baird raised their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,787.08.

Fair Isaac 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.