Independent Advisor Alliance Purchases New Position in Fair Isaac Co. (NYSE:FICO)

Independent Advisor Alliance bought a new position in Fair Isaac Co. (NYSE:FICO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 283 shares of the technology company's stock, valued at approximately $563,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. State Street Corp raised its holdings in shares of Fair Isaac by 0.5% during the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company's stock valued at $2,031,299,000 after purchasing an additional 5,472 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Fair Isaac by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock valued at $1,308,460,000 after purchasing an additional 7,466 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Fair Isaac by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company's stock valued at $1,251,537,000 after purchasing an additional 6,510 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after purchasing an additional 1,977 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Fair Isaac by 5.4% during the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company's stock valued at $506,257,000 after purchasing an additional 13,133 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

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Insider Activity

In other news, CEO William J. Lansing sold 4,092 shares of Fair Isaac stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $72,801,401.22. The trade was a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. This trade represents a 5.31 % 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. Corporate insiders own 3.46% of the company's stock.

Analysts Set New Price Targets

FICO has been the topic of a number of research analyst reports. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a research note on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 target price on the stock. Jefferies Financial Group lowered their target price 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. Needham & Company LLC reiterated a "buy" rating and issued a $2,500.00 target price on shares of Fair Isaac in a research note on Wednesday, February 5th. Finally, Oppenheimer lowered their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of "Moderate Buy" and an average price target of $2,088.15.

Fair Isaac Stock Down 1.0 %

NYSE FICO traded down $18.47 during midday trading on Thursday, hitting $1,854.52. The company had a trading volume of 140,255 shares, compared to its average volume of 171,615. The stock has a market cap of $45.28 billion, a price-to-earnings ratio of 85.11, a P/E/G ratio of 3.27 and a beta of 1.41. The firm has a fifty day simple moving average of $1,838.54 and a two-hundred day simple moving average of $1,984.52. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.52.

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 for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. As a group, equities analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

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.