Fair Isaac Co. (NYSE:FICO) Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co lessened its holdings in Fair Isaac Co. (NYSE:FICO) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 396 shares of the technology company’s stock after selling 10 shares during the quarter. Heartland Bank & Trust Co’s holdings in Fair Isaac were worth $770,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Heritage Family Offices LLP increased its position in shares of Fair Isaac by 2.0% during the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after purchasing an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Fair Isaac by 5.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after buying an additional 6 shares during the period. Moss Adams Wealth Advisors LLC increased its position in Fair Isaac by 4.0% during the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock worth $301,000 after buying an additional 6 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Fair Isaac by 1.8% in the second quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock valued at $651,000 after buying an additional 7 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Fair Isaac by 2.5% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock valued at $491,000 after acquiring an additional 8 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FICO. Barclays raised their price objective on shares of 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. The Goldman Sachs Group upped their price target on Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada lifted their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Oppenheimer increased their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, UBS Group initiated coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,787.08.

Fair Isaac Stock Down 1.4 %

Shares of FICO stock opened at $1,998.66 on Thursday. The stock has a market cap of $49.39 billion, a P/E ratio of 104.92, a P/E/G ratio of 3.78 and a beta of 1.35. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $2,103.70. The business has a fifty day simple moving average of $1,872.08 and a 200-day simple moving average of $1,571.08.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data 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). 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 for the quarter, compared to analysts’ expectations of $448.53 million. On average, sell-side analysts anticipate that Fair Isaac Co. will post 19.33 earnings per share for the current year.

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

Insider Buying and Selling at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the company’s 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the transaction, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,261 shares of company stock worth $26,291,370. Corporate insiders own 3.54% of the company’s stock.

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.