Smith Group Asset Management LLC Makes New $273,000 Investment in Fair Isaac Co. (NYSE:FICO)

Smith Group Asset Management LLC purchased a new stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 137 shares of the technology company's stock, valued at approximately $273,000.

Other institutional investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its position in shares of Fair Isaac by 65.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 942 shares of the technology company's stock valued at $1,402,000 after purchasing an additional 371 shares during the last quarter. Algert Global LLC grew its position in Fair Isaac by 12.0% in the 2nd quarter. Algert Global LLC now owns 281 shares of the technology company's stock valued at $418,000 after acquiring an additional 30 shares during the last quarter. Creative Planning grew its position in Fair Isaac by 7.8% in the 2nd quarter. Creative Planning now owns 3,984 shares of the technology company's stock valued at $5,931,000 after acquiring an additional 289 shares during the last quarter. NewEdge Advisors LLC grew its position in Fair Isaac by 5.2% in the 2nd quarter. NewEdge Advisors LLC now owns 808 shares of the technology company's stock valued at $1,202,000 after acquiring an additional 40 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Fair Isaac by 6.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 280 shares of the technology company's stock valued at $417,000 after acquiring an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Up 0.4 %

Shares of Fair Isaac stock traded up $8.05 on Thursday, hitting $1,868.26. The stock had a trading volume of 17,367 shares, compared to its average volume of 217,524. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The stock has a market cap of $45.49 billion, a price-to-earnings ratio of 91.36, a P/E/G ratio of 3.46 and a beta of 1.40. The company's 50 day moving average price is $2,089.74 and its 200 day moving average price is $1,949.60.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the completion of the sale, the executive vice president now directly owns 48,895 shares of the company's stock, valued at $113,456,446.95. This represents a 6.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven P. Weber sold 139 shares of the business'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 value of $273,054.38. Following the transaction, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,589 shares of company stock valued at $31,258,963 in the last ninety days. Insiders own 3.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Oppenheimer cut their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. began coverage on Fair Isaac in a research report on Friday, December 20th. They set a "neutral" rating and a $2,150.00 price target on the stock. Jefferies Financial Group increased their price target on Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Royal Bank of Canada reissued a "sector perform" rating and set a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday, November 7th. Finally, Wells Fargo & Company increased their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,087.77.

Fair Isaac 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.