Sagespring Wealth Partners LLC bought a new stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 135 shares of the technology company's stock, valued at approximately $269,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in FICO. Norges Bank acquired a new stake in shares of Fair Isaac in the 4th quarter valued at about $442,369,000. Wealthfront Advisers LLC boosted its holdings in Fair Isaac by 5,217.6% in the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock worth $292,728,000 after purchasing an additional 144,266 shares during the period. Proficio Capital Partners LLC bought a new stake in Fair Isaac during the fourth quarter valued at $261,610,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Fair Isaac by 376.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock worth $321,790,000 after purchasing an additional 127,679 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Fair Isaac in the 4th quarter worth about $199,441,000. Institutional investors own 85.75% of the company's stock.
Wall Street Analysts Forecast Growth
FICO has been the topic of several research reports. Bank of America assumed coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective on the stock. Oppenheimer cut their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. 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 note on Wednesday, February 5th. Jefferies Financial Group cut their target price on 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, Robert W. Baird reduced their price target on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $2,210.23.
Read Our Latest Research Report on FICO
Insider Activity at Fair Isaac
In related news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 corporate insiders.
Fair Isaac Stock Performance
Shares of FICO stock traded up $59.10 during midday trading on Tuesday, reaching $1,875.18. 116,405 shares of the company were exchanged, compared to its average volume of 180,536. The company's 50 day moving average price is $1,823.87 and its two-hundred day moving average price is $1,980.17. The company has a market cap of $45.79 billion, a P/E ratio of 86.06, a PEG ratio of 3.27 and a beta of 1.37. 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 announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate 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, sell-side analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.
About Fair Isaac
(
Free Report)
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.
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