Fortis Capital Management LLC Grows Position in Fair Isaac Co. (NYSE:FICO)

Fortis Capital Management LLC lifted its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 16.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,935 shares of the technology company's stock after buying an additional 416 shares during the quarter. Fair Isaac comprises 1.1% of Fortis Capital Management LLC's investment portfolio, making the stock its 22nd biggest position. Fortis Capital Management LLC's holdings in Fair Isaac were worth $5,843,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Mechanics Bank Trust Department grew its holdings in shares of Fair Isaac by 5.7% during the fourth 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 lifted its stake in Fair Isaac by 1.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company's stock worth $942,000 after purchasing an additional 6 shares during the last quarter. Resonant Capital Advisors LLC grew its position in Fair Isaac by 2.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company's stock worth $609,000 after acquiring an additional 6 shares during the last quarter. Mather Group LLC. raised its holdings in Fair Isaac by 5.2% during the 4th quarter. Mather Group LLC. now owns 122 shares of the technology company's stock valued at $243,000 after buying an additional 6 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Fair Isaac by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock valued at $1,236,000 after acquiring an additional 6 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Remove Ads

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 4,092 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $72,801,401.22. This represents a 8.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,241 shares of company stock worth $18,186,184. Company insiders own 3.46% of the company's stock.

Fair Isaac Stock Down 0.8 %

FICO traded down $14.66 during trading on Thursday, reaching $1,872.34. The company had a trading volume of 88,845 shares, compared to its average volume of 171,805. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. The stock has a market cap of $45.72 billion, a P/E ratio of 85.93, a PEG ratio of 3.27 and a beta of 1.41. The business has a 50 day simple moving average of $1,831.78 and a 200-day simple moving average of $1,989.83.

Fair Isaac (NYSE:FICO - Get Free Report) last issued 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 negative return on equity of 53.40% and a net margin of 30.66%. As a group, equities research analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FICO. Robert W. Baird cut their price target 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. JPMorgan Chase & Co. started coverage on Fair Isaac in a research report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price target for the company. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Jefferies Financial Group dropped their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Finally, Oppenheimer cut their target price on 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. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2,088.15.

Fair Isaac Company 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.