Baker Tilly Wealth Management LLC Purchases New Holdings in Fair Isaac Co. (NYSE:FICO)

Baker Tilly Wealth Management LLC acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 168 shares of the technology company’s stock, valued at approximately $250,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its position in Fair Isaac by 75.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 441 shares of the technology company’s stock valued at $513,000 after buying an additional 189 shares during the last quarter. Cerity Partners LLC raised its holdings in Fair Isaac by 35.1% during the fourth quarter. Cerity Partners LLC now owns 504 shares of the technology company’s stock worth $587,000 after purchasing an additional 131 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Fair Isaac during the fourth quarter worth about $1,746,000. Vontobel Holding Ltd. lifted its position in Fair Isaac by 6.7% in the fourth quarter. Vontobel Holding Ltd. now owns 898 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 56 shares during the period. Finally, Cornercap Investment Counsel Inc. acquired a new position in Fair Isaac during the 4th quarter worth approximately $249,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Mark R. Scadina sold 423 shares of Fair Isaac stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the completion of the sale, the executive vice president now owns 32,229 shares in the company, valued at approximately $44,222,055.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark R. Scadina sold 423 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total value of $580,406.76. Following the sale, the executive vice president now owns 32,229 shares in the company, valued at approximately $44,222,055.48. The disclosure for this sale can be found here. Insiders have sold 25,314 shares of company stock worth $38,618,138 over the last three months. 3.54% of the stock is currently owned by corporate insiders.

Fair Isaac Stock Up 1.0 %

Shares of FICO traded up $17.91 during mid-day trading on Friday, reaching $1,751.70. 152,977 shares of the company’s stock were exchanged, compared to its average volume of 180,757. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,818.02. The company has a 50-day simple moving average of $1,554.62 and a two-hundred day simple moving average of $1,365.47. The company has a market cap of $43.29 billion, a price-to-earnings ratio of 91.95, a PEG ratio of 4.26 and a beta of 1.34.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on FICO shares. Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a report on Tuesday. Barclays boosted their target price on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Needham & Company LLC increased their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Raymond James upped their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,515.82.

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.