Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in Fair Isaac Co. (NYSE:FICO)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 10.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,640 shares of the technology company’s stock after purchasing an additional 1,426 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fair Isaac were worth $29,147,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac in the third quarter worth about $25,000. True Wealth Design LLC boosted its position in Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after purchasing an additional 18 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Fair Isaac during the 4th quarter worth approximately $40,000. Meeder Asset Management Inc. grew its stake in shares of Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the period. Finally, OFI Invest Asset Management purchased a new position in shares of Fair Isaac during the 4th quarter valued at approximately $42,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

NYSE FICO opened at $1,722.12 on Wednesday. The business has a fifty day moving average price of $1,857.90 and a 200 day moving average price of $1,982.53. The company has a market cap of $42.05 billion, a P/E ratio of 79.03, a P/E/G ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.52.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS 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, sell-side analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FICO shares. The Goldman Sachs Group increased their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. UBS Group lowered their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. assumed 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. Finally, Robert W. Baird cut their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $2,088.15.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was 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 $113,954,508.09. This trade represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,669 shares of company stock worth $18,821,383. Insiders own 3.46% of the company’s stock.

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.