Raymond James Financial Inc. Purchases Shares of 100,175 Fair Isaac Co. (NYSE:FICO)

Raymond James Financial Inc. purchased a new position in Fair Isaac Co. (NYSE:FICO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100,175 shares of the technology company's stock, valued at approximately $199,441,000. Raymond James Financial Inc. owned approximately 0.41% of Fair Isaac as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. First National Bank of Omaha acquired a new stake in shares of Fair Isaac during the third quarter worth about $1,576,000. National Bank of Canada FI lifted its holdings in shares of Fair Isaac by 51.9% during the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company's stock worth $38,514,000 after purchasing an additional 6,768 shares during the period. Donoghue Forlines LLC acquired a new stake in shares of Fair Isaac during the fourth quarter worth about $1,935,000. BNP Paribas acquired a new stake in shares of Fair Isaac during the third quarter worth about $445,000. Finally, Czech National Bank lifted its holdings in shares of Fair Isaac by 5.7% during the fourth quarter. Czech National Bank now owns 5,280 shares of the technology company's stock worth $10,512,000 after purchasing an additional 286 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Activity

In related news, Director Marc F. Mcmorris sold 520 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the transaction, the director now owns 242 shares of the company's stock, valued at approximately $520,921.94. This represents a 68.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James M. Wehmann sold 3,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the transaction, the executive vice president now directly owns 51,911 shares in the company, valued at approximately $113,954,508.09. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,670 shares of company stock valued at $18,823,773 in the last quarter. Insiders own 3.46% of the company's stock.

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Fair Isaac Stock Performance

Shares of FICO traded up $19.13 during trading hours on Friday, hitting $1,835.64. 213,628 shares of the stock were exchanged, compared to its average volume of 173,087. The stock's 50-day moving average price is $1,869.55 and its two-hundred day moving average price is $1,981.34. The company has a market cap of $44.82 billion, a price-to-earnings ratio of 84.24, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. On average, research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on FICO. Needham & Company LLC reissued a "buy" rating and issued a $2,500.00 price target on shares of Fair Isaac in a report on Wednesday, February 5th. Robert W. Baird decreased their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Oppenheimer decreased their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group decreased their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Finally, UBS Group decreased their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,088.15.

About Fair Isaac

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.