Polymer Capital Management US LLC Purchases Shares of 326 Fair Isaac Co. (NYSE:FICO)

Polymer Capital Management US LLC acquired a new position in Fair Isaac Co. (NYSE:FICO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 326 shares of the technology company's stock, valued at approximately $649,000.

Several other large investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. increased its holdings in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after purchasing an additional 8 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of Fair Isaac in the 4th quarter worth approximately $40,000. Avalon Trust Co bought a new position in shares of Fair Isaac in the fourth quarter valued at approximately $40,000. OFI Invest Asset Management bought a new stake in Fair Isaac during the fourth quarter worth approximately $42,000. Finally, Versant Capital Management Inc lifted its position in Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock worth $48,000 after purchasing an additional 20 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" 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 report on Friday. Oppenheimer reduced their target price on shares of 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. Robert W. Baird dropped their price target 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. Finally, Bank of America began coverage on Fair Isaac in a research note on Thursday. They set a "buy" rating and a $2,800.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and a consensus target price of $2,131.86.

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Fair Isaac Stock Up 2.4 %

FICO stock traded up $44.70 during trading hours on Friday, hitting $1,894.76. The company's stock had a trading volume of 230,904 shares, compared to its average volume of 180,779. The company has a market capitalization of $46.27 billion, a PE ratio of 86.96, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. The stock has a 50 day moving average price of $1,814.70 and a two-hundred day moving average price of $1,981.71. 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 posted 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%. Sell-side analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 13,058 shares of company stock valued at $23,119,030 over the last 90 days. 3.46% of the stock is currently owned by company insiders.

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.