Motley Fool Asset Management LLC Raises Stock Position in Fair Isaac Co. (NYSE:FICO)

Motley Fool Asset Management LLC lifted its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,349 shares of the technology company's stock after buying an additional 148 shares during the period. Motley Fool Asset Management LLC's holdings in Fair Isaac were worth $2,686,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Fair Isaac by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock valued at $5,781,051,000 after buying an additional 22,178 shares during the period. State Street Corp grew its position in shares of Fair Isaac by 0.5% in the third 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. increased its position in shares of Fair Isaac by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock valued at $1,351,073,000 after buying an additional 5,371 shares during the period. Geode Capital Management LLC lifted its stake in Fair Isaac by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock worth $1,318,630,000 after purchasing an additional 17,656 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock worth $724,122,000 after buying an additional 1,977 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Remove Ads

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the company's 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 sale, the chief financial officer now directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William J. Lansing sold 4,092 shares of the firm's stock in a transaction dated 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 owns 42,138 shares of the company's stock, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,241 shares of company stock worth $18,186,184. Company insiders own 3.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and set a $2,500.00 target price on shares of Fair Isaac in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Jefferies Financial Group dropped their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. UBS Group cut their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Finally, Robert W. Baird reduced their target price on 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. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,080.46.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded up $170.02 during trading on Wednesday, reaching $1,847.13. 306,114 shares of the stock traded hands, compared to its average volume of 180,229. The stock has a 50-day moving average of $1,812.43 and a two-hundred day moving average of $1,982.25. 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 $45.10 billion, a P/E ratio of 84.77, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts expect 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.