GAM Holding AG Sells 70 Shares of Fair Isaac Corporation $FICO

GAM Holding AG lowered its position in Fair Isaac Corporation (NYSE:FICO) by 10.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 605 shares of the technology company’s stock after selling 70 shares during the period. GAM Holding AG’s holdings in Fair Isaac were worth $1,106,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC bought a new position in Fair Isaac in the second quarter worth $27,000. Hilltop National Bank bought a new position in shares of Fair Isaac in the 2nd quarter worth about $27,000. Geo Capital Gestora de Recursos Ltd bought a new position in shares of Fair Isaac in the 1st quarter worth about $28,000. N.E.W. Advisory Services LLC bought a new position in shares of Fair Isaac in the 1st quarter worth about $30,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after acquiring an additional 5 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on FICO shares. Barclays raised their target price on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Raymond James Financial reduced their price objective on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Zacks Research raised Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. BMO Capital Markets raised their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. Finally, UBS Group raised their price target on Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and an average target price of $2,137.43.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 4,942 shares of Fair Isaac stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the sale, the chief executive officer directly owned 43,207 shares in the company, valued at $70,485,307.38. The trade was a 10.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 18,032 shares of company stock valued at $28,094,085. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Trading Up 5.0%

Fair Isaac stock opened at $1,664.43 on Friday. The firm has a market cap of $39.95 billion, a price-to-earnings ratio of 65.09, a PEG ratio of 1.63 and a beta of 1.35. The stock has a fifty day simple moving average of $1,587.44 and a two-hundred day simple moving average of $1,678.13. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping analysts’ consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same quarter last year, the company earned $6.25 EPS. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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.