Norway Savings Bank Acquires Shares of 75 Fair Isaac Co. (NYSE:FICO)

Norway Savings Bank acquired a new stake in Fair Isaac Co. (NYSE:FICO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 75 shares of the technology company’s stock, valued at approximately $32,000.

A number of other large investors have also recently bought and sold shares of the business. Tributary Capital Management LLC lifted its position in shares of Fair Isaac by 77.9% during the third quarter. Tributary Capital Management LLC now owns 5,160 shares of the technology company’s stock worth $2,195,000 after purchasing an additional 2,260 shares during the last quarter. Braun Bostich & Associates Inc. acquired a new stake in shares of Fair Isaac in the third quarter valued at approximately $27,000. Envestnet Asset Management Inc. increased its stake in shares of Fair Isaac by 12.9% during the third quarter. Envestnet Asset Management Inc. now owns 32,789 shares of the technology company’s stock valued at $13,948,000 after acquiring an additional 3,741 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of Fair Isaac by 31.2% during the third quarter. Wedge Capital Management L L P NC now owns 173,996 shares of the technology company’s stock valued at $74,014,000 after acquiring an additional 41,394 shares during the period. Finally, Horan Capital Management increased its stake in shares of Fair Isaac by 0.5% during the third quarter. Horan Capital Management now owns 19,033 shares of the technology company’s stock valued at $8,096,000 after acquiring an additional 89 shares during the period. 86.44% of the stock is owned by institutional investors.

A number of research firms recently commented on FICO. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $475.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Jefferies Financial Group raised their target price on shares of Fair Isaac from $415.00 to $429.00 and gave the stock a “hold” rating in a report on Friday, October 9th. Needham & Company LLC raised their target price on shares of Fair Isaac from $515.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, September 21st. Zacks Investment Research upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating and set a $506.00 target price for the company in a report on Wednesday. Finally, Robert W. Baird raised their target price on shares of Fair Isaac from $460.00 to $486.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $470.00.

In other Fair Isaac news, CEO William J. Lansing sold 28,462 shares of Fair Isaac stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $428.56, for a total transaction of $12,197,674.72. Following the completion of the sale, the chief executive officer now owns 190,016 shares of the company’s stock, valued at approximately $81,433,256.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marc F. Mcmorris sold 2,806 shares of Fair Isaac stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $436.99, for a total transaction of $1,226,193.94. Following the sale, the director now directly owns 2,806 shares of the company’s stock, valued at approximately $1,226,193.94. The disclosure for this sale can be found here. Insiders have sold a total of 86,294 shares of company stock valued at $37,014,193 in the last three months. Company insiders own 3.81% of the company’s stock.

Fair Isaac stock opened at $437.40 on Friday. The company has a 50 day moving average price of $429.13 and a 200 day moving average price of $395.98. Fair Isaac Co. has a 52 week low of $177.65 and a 52 week high of $452.74. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 56.73 and a beta of 1.09.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.42. Fair Isaac had a net margin of 18.92% and a return on equity of 91.50%. The firm had revenue of $313.73 million during the quarter, compared to analyst estimates of $301.30 million. During the same quarter last year, the business posted $2.50 EPS. The company’s revenue was down .2% on a year-over-year basis. Equities analysts forecast that Fair Isaac Co. will post 5.63 earnings per share for the current fiscal year.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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