Promus Capital LLC Buys New Holdings in Fair Isaac Co. (NYSE:FICO)

Promus Capital LLC purchased a new stake in Fair Isaac Co. (NYSE:FICO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42 shares of the technology company’s stock, valued at approximately $84,000.

Several other hedge funds also recently added to or reduced their stakes in FICO. Capital Performance Advisors LLP purchased a new position in Fair Isaac in the third quarter valued at approximately $25,000. True Wealth Design LLC increased its stake in Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares during the last quarter. Berbice Capital Management LLC purchased a new position in Fair Isaac in the fourth quarter valued at approximately $40,000. Meeder Asset Management Inc. increased its stake in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after purchasing an additional 20 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FICO shares. Barclays increased their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price on the stock. Robert W. Baird lowered their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Needham & Company LLC restated a “buy” rating and set a $2,500.00 target price on shares of Fair Isaac in a research report on Wednesday, February 5th. Finally, 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 stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

Fair Isaac Price Performance

NYSE:FICO opened at $1,874.14 on Thursday. The firm’s fifty day moving average price is $1,883.11 and its 200 day moving average price is $1,981.04. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.52. The firm has a market cap of $45.76 billion, a price-to-earnings ratio of 86.01, a price-to-earnings-growth ratio of 3.27 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James M. Wehmann sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the completion of the sale, the executive vice president now directly owns 51,911 shares of the company’s stock, valued at approximately $113,954,508.09. This trade represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,670 shares of company stock valued at $18,823,773. 3.46% of the stock is owned by company insiders.

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.