Atala Financial Inc acquired a new position in Fair Isaac Co. (NYSE:FICO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 257 shares of the technology company's stock, valued at approximately $512,000.
Several other hedge funds have also modified their holdings of FICO. Rakuten Securities Inc. grew its position in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after acquiring an additional 8 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock valued at $39,000 after purchasing an additional 18 shares during the last quarter. Berbice Capital Management LLC purchased a new position in shares of Fair Isaac in the 4th quarter worth approximately $40,000. OFI Invest Asset Management bought a new position in shares of Fair Isaac during the 4th quarter valued at approximately $42,000. Finally, Meeder Asset Management Inc. raised its holdings in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock valued at $43,000 after buying an additional 6 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
FICO has been the topic of a number of analyst reports. Oppenheimer cut their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. UBS Group cut their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a research note on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price objective for the company. Wells Fargo & Company cut their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Finally, 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 research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $2,088.15.
Check Out Our Latest Research Report on FICO
Fair Isaac Trading Down 1.8 %
Shares of FICO traded down $34.14 during midday trading on Tuesday, reaching $1,811.71. 131,334 shares of the stock were exchanged, compared to its average volume of 171,778. The company has a market capitalization of $44.24 billion, a P/E ratio of 83.14, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. The company's 50 day moving average is $1,842.79 and its two-hundred day moving average is $1,984.72.
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 negative return on equity of 53.40% and a net margin of 30.66%. On average, sell-side analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.
Insider Activity
In other news, CFO Steven P. Weber sold 139 shares of the company's stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the transaction, the chief financial officer now directly owns 2,478 shares of the company's stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 4,092 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,241 shares of company stock worth $18,186,184. 3.46% of the stock is currently owned by company insiders.
Fair Isaac Profile
(
Free Report)
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.
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