Flagship Harbor Advisors LLC Lowers Stake in Fair Isaac Co. (NYSE:FICO)

Flagship Harbor Advisors LLC lessened its holdings in Fair Isaac Co. (NYSE:FICO) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,484 shares of the technology company’s stock after selling 140 shares during the period. Flagship Harbor Advisors LLC’s holdings in Fair Isaac were worth $1,200,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. State Street Corp grew its position in shares of Fair Isaac by 20.3% in the first quarter. State Street Corp now owns 996,863 shares of the technology company’s stock valued at $700,484,000 after purchasing an additional 168,468 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Fair Isaac by 0.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 929,015 shares of the technology company’s stock valued at $556,090,000 after buying an additional 5,225 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Fair Isaac by 1,713.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 625,188 shares of the technology company’s stock worth $27,508,000 after buying an additional 590,716 shares during the last quarter. Geode Capital Management LLC increased its stake in Fair Isaac by 48.9% during the 1st quarter. Geode Capital Management LLC now owns 577,240 shares of the technology company’s stock worth $405,140,000 after buying an additional 189,562 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Fair Isaac by 25.0% during the fourth quarter. Morgan Stanley now owns 449,919 shares of the technology company’s stock valued at $269,313,000 after acquiring an additional 89,888 shares during the last quarter. Institutional investors and hedge funds own 85.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Robert W. Baird boosted their price target on Fair Isaac from $725.00 to $775.00 in a research report on Monday, May 22nd. Barclays upped their target price on shares of Fair Isaac from $920.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Royal Bank of Canada raised their price target on shares of Fair Isaac from $685.00 to $875.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. StockNews.com initiated coverage on shares of Fair Isaac in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Jefferies Financial Group raised their target price on shares of Fair Isaac from $875.00 to $940.00 in a research note on Monday, July 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $901.63.

Fair Isaac Price Performance

Shares of FICO stock opened at $903.11 on Tuesday. The company has a market capitalization of $22.49 billion, a PE ratio of 54.83, a price-to-earnings-growth ratio of 3.21 and a beta of 1.22. The firm’s 50-day moving average is $860.08 and its two-hundred day moving average is $781.60. Fair Isaac Co. has a 12 month low of $389.83 and a 12 month high of $916.41.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.28 by $0.35. The firm had revenue of $398.69 million for the quarter, compared to analyst estimates of $379.63 million. Fair Isaac had a net margin of 28.43% and a negative return on equity of 51.26%. Sell-side analysts forecast that Fair Isaac Co. will post 16.29 EPS for the current year.

Insider Activity

In related news, CAO Michael S. Leonard sold 236 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $858.51, for a total transaction of $202,608.36. Following the completion of the sale, the chief accounting officer now directly owns 4,962 shares of the company’s stock, valued at approximately $4,259,926.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Michael S. Leonard sold 236 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $858.51, for a total transaction of $202,608.36. Following the completion of the transaction, the chief accounting officer now owns 4,962 shares of the company’s stock, valued at approximately $4,259,926.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eva Manolis sold 2,564 shares of Fair Isaac stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $852.38, for a total transaction of $2,185,502.32. The disclosure for this sale can be found here. Insiders have sold a total of 5,636 shares of company stock valued at $4,952,932 in the last quarter. Insiders own 3.37% of the company’s stock.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data 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. It operates through 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.