Arete Wealth Advisors LLC Buys New Position in Fair Isaac Co. (NYSE:FICO)

Arete Wealth Advisors LLC purchased a new position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 172 shares of the technology company's stock, valued at approximately $343,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. boosted its holdings in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after purchasing an additional 8 shares during the period. Berbice Capital Management LLC bought a new stake in shares of Fair Isaac in the 4th quarter worth approximately $40,000. Avalon Trust Co purchased a new position in shares of Fair Isaac during the fourth quarter valued at approximately $40,000. OFI Invest Asset Management bought a new position in shares of Fair Isaac during the fourth quarter valued at approximately $42,000. Finally, Versant Capital Management Inc lifted its stake in Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock worth $48,000 after acquiring an additional 20 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO William J. Lansing sold 4,092 shares of the firm'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 directly owns 42,138 shares in the company, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 13,058 shares of company stock valued at $23,119,030 in the last 90 days. 3.46% of the stock is currently owned by insiders.

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Fair Isaac Trading Up 2.4 %

FICO stock traded up $44.70 during midday trading on Friday, hitting $1,894.76. The company's stock had a trading volume of 230,904 shares, compared to its average volume of 180,779. The firm's 50-day moving average is $1,814.70 and its 200-day moving average is $1,981.71. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.52. The company has a market cap of $46.27 billion, a PE ratio of 86.96, a P/E/G ratio of 3.27 and a beta of 1.37.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on FICO. Needham & Company LLC reiterated a "buy" rating and set a $2,500.00 price target on shares of Fair Isaac in a research report on Friday. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Oppenheimer lowered their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Robert W. Baird cut their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Finally, Barclays decreased their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average target price of $2,131.86.

Fair Isaac 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.