Curbstone Financial Management Corp Acquires New Stake in Fair Isaac Co. (NYSE:FICO)

Curbstone Financial Management Corp acquired a new position in shares of Fair Isaac Co. (NYSE:FICO) in the second quarter, HoldingsChannel.com reports. The fund acquired 558 shares of the technology company’s stock, valued at approximately $452,000.

A number of other large investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. lifted its holdings in Fair Isaac by 34.2% in the first quarter. Raleigh Capital Management Inc. now owns 51 shares of the technology company’s stock valued at $36,000 after acquiring an additional 13 shares during the period. Harbour Investments Inc. grew its position in Fair Isaac by 13.0% during the fourth quarter. Harbour Investments Inc. now owns 130 shares of the technology company’s stock worth $78,000 after buying an additional 15 shares during the period. Bessemer Group Inc. lifted its position in shares of Fair Isaac by 0.5% during the 4th quarter. Bessemer Group Inc. now owns 3,445 shares of the technology company’s stock valued at $2,062,000 after acquiring an additional 18 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Fair Isaac by 2.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 685 shares of the technology company’s stock worth $481,000 after acquiring an additional 18 shares in the last quarter. Finally, BerganKDV Wealth Management LLC grew its holdings in shares of Fair Isaac by 126.3% in the 1st quarter. BerganKDV Wealth Management LLC now owns 43 shares of the technology company’s stock worth $30,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 85.17% of the company’s stock.

Insider Buying and Selling at Fair Isaac

In other news, CAO Michael S. Leonard sold 236 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $858.51, for a total value of $202,608.36. Following the transaction, the chief accounting officer now directly owns 4,962 shares in the company, valued at approximately $4,259,926.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP James M. Wehmann sold 2,836 shares of Fair Isaac stock in a transaction on Friday, September 1st. The shares were sold at an average price of $904.38, for a total transaction of $2,564,821.68. Following the transaction, the executive vice president now owns 44,572 shares in the company, valued at approximately $40,310,025.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael S. Leonard sold 236 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $858.51, for a total value of $202,608.36. Following the completion of the sale, the chief accounting officer now owns 4,962 shares of the company’s stock, valued at $4,259,926.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,636 shares of company stock valued at $4,952,932. Company insiders own 3.37% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $906.25 on Friday. The firm’s 50-day simple moving average is $856.13 and its 200-day simple moving average is $777.16. Fair Isaac Co. has a 1-year low of $389.83 and a 1-year high of $916.41. The firm has a market cap of $22.57 billion, a P/E ratio of 55.02, a PEG ratio of 3.17 and a beta of 1.22.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.28 by $0.35. The company had revenue of $398.69 million for the quarter, compared to analyst estimates of $379.63 million. Fair Isaac had a net margin of 28.43% and a negative return on equity of 51.26%. Analysts expect that Fair Isaac Co. will post 16.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of Fair Isaac from $725.00 to $775.00 in a report on Monday, May 22nd. Barclays lifted their price objective on Fair Isaac from $920.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. StockNews.com started coverage on Fair Isaac in a report on Thursday, August 17th. They set a “hold” rating on the stock. Jefferies Financial Group upped their price objective on Fair Isaac from $875.00 to $940.00 in a research report on Monday, July 10th. Finally, Royal Bank of Canada lifted their price objective on Fair Isaac from $685.00 to $875.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus target price of $901.63.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and data 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. It operates through 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.