Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases Shares of 198 Fair Isaac Co. (NYSE:FICO)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Fair Isaac Co. (NYSE:FICO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 198 shares of the technology company's stock, valued at approximately $394,000.

A number of other large investors also recently modified their holdings of FICO. Public Sector Pension Investment Board grew its stake in Fair Isaac by 65.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 942 shares of the technology company's stock worth $1,402,000 after buying an additional 371 shares in the last quarter. Algert Global LLC lifted its stake in Fair Isaac by 12.0% in the second quarter. Algert Global LLC now owns 281 shares of the technology company's stock worth $418,000 after purchasing an additional 30 shares during the last quarter. Creative Planning increased its stake in shares of Fair Isaac by 7.8% in the second quarter. Creative Planning now owns 3,984 shares of the technology company's stock worth $5,931,000 after buying an additional 289 shares during the period. NewEdge Advisors LLC raised its position in Fair Isaac by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 808 shares of the technology company's stock valued at $1,202,000 after purchasing an additional 40 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Fair Isaac by 6.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 280 shares of the technology company's stock worth $417,000 after acquiring an additional 17 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Performance

FICO stock traded up $2.08 during midday trading on Thursday, reaching $1,862.29. The company's stock had a trading volume of 29,355 shares, compared to its average volume of 218,198. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The firm has a market capitalization of $45.35 billion, a price-to-earnings ratio of 91.03, a PEG ratio of 3.46 and a beta of 1.40. The stock has a fifty day simple moving average of $2,089.74 and a two-hundred day simple moving average of $1,949.60.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Oppenheimer reduced 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. Barclays upped their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Royal Bank of Canada restated a "sector perform" rating and issued a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $2,087.77.

Insider Buying and Selling

In other Fair Isaac 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 completion of the sale, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the transaction, the executive vice president now owns 5,769 shares in the company, valued at $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,589 shares of company stock valued at $31,258,963 over the last quarter. 3.54% of the stock is owned by corporate insiders.

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.