Soltis Investment Advisors LLC purchased a new stake in Fair Isaac Corporation (NYSE:FICO – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,407 shares of the technology company’s stock, valued at approximately $2,379,000.
Other hedge funds have also made changes to their positions in the company. Physician Wealth Advisors Inc. boosted its holdings in Fair Isaac by 166.7% during the fourth quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock worth $27,000 after buying an additional 10 shares in the last quarter. Root Financial Partners LLC acquired a new position in Fair Isaac in the 3rd quarter worth approximately $30,000. Cornerstone Planning Group LLC boosted its stake in Fair Isaac by 280.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 19 shares of the technology company’s stock worth $30,000 after purchasing an additional 14 shares during the period. Torren Management LLC acquired a new position in Fair Isaac in the 4th quarter worth approximately $30,000. Finally, Strengthening Families & Communities LLC acquired a new position in Fair Isaac in the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 85.75% of the company’s stock.
Fair Isaac Stock Up 0.1%
Shares of NYSE:FICO opened at $1,099.35 on Monday. The firm has a fifty day moving average of $1,095.16 and a two-hundred day moving average of $1,427.79. The firm has a market capitalization of $25.49 billion, a P/E ratio of 34.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. Fair Isaac Corporation has a 12-month low of $870.01 and a 12-month high of $2,217.60.
Fair Isaac announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 25th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
Insider Buying and Selling
In related news, Director Eva Manolis sold 520 shares of Fair Isaac stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,227.63, for a total value of $638,367.60. Following the transaction, the director owned 344 shares in the company, valued at $422,304.72. This trade represents a 60.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.02% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Barclays decreased their price objective on shares of Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Wells Fargo & Company decreased their price objective on shares of Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group decreased their price objective on shares of Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating for the company in a research note on Monday, May 4th. The Goldman Sachs Group decreased their price objective on shares of Fair Isaac from $1,770.00 to $1,528.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, UBS Group decreased their price objective on shares of Fair Isaac from $1,200.00 to $1,150.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $1,655.07.
View Our Latest Stock Report on FICO
Fair Isaac Company Profile
Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.
FICO’s product portfolio centers on analytics and decisioning technologies.
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