Charles Schwab Investment Management Inc. Increases Stock Position in Fair Isaac Co. (NYSE:FICO)

Charles Schwab Investment Management Inc. increased its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 165,777 shares of the technology company's stock after purchasing an additional 2,227 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.68% of Fair Isaac worth $330,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Covestor Ltd lifted its position in Fair Isaac by 30.0% during the third quarter. Covestor Ltd now owns 26 shares of the technology company's stock valued at $52,000 after buying an additional 6 shares during the period. Meeder Asset Management Inc. raised its position in shares of Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock worth $43,000 after purchasing an additional 6 shares during the last quarter. Mechanics Bank Trust Department boosted its stake in Fair Isaac by 5.7% in the 4th quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company's stock worth $223,000 after purchasing an additional 6 shares in the last quarter. Alpha Cubed Investments LLC grew its position in Fair Isaac by 1.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company's stock valued at $942,000 after purchasing an additional 6 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its stake in Fair Isaac by 2.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company's stock valued at $609,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

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Fair Isaac Price Performance

Shares of FICO traded up $19.13 on Friday, reaching $1,835.64. The company's stock had a trading volume of 213,628 shares, compared to its average volume of 173,087. The stock's 50 day simple moving average is $1,869.55 and its two-hundred day simple moving average is $1,981.34. The stock has a market capitalization of $44.82 billion, a P/E ratio of 84.24, a PEG 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 quarterly earnings data 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.

Insiders Place Their Bets

In related news, Director Marc F. Mcmorris sold 520 shares of Fair Isaac stock in a transaction on Tuesday, December 17th. The shares were 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 in the company, valued at approximately $520,921.94. The trade was a 68.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James M. Wehmann sold 3,000 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 51,911 shares of the company's stock, valued at $113,954,508.09. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,670 shares of company stock worth $18,823,773 over the last quarter. 3.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FICO has been the topic of a number of recent analyst reports. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. UBS Group reduced their target price 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. Needham & Company LLC restated a "buy" rating and issued a $2,500.00 price target on shares of Fair Isaac in a research note on Wednesday, February 5th. Robert W. Baird dropped their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group decreased their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,088.15.

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.