Cabot Wealth Management Inc. Has $4.01 Million Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Cabot Wealth Management Inc. lowered its holdings in Fair Isaac Co. (NYSE:FICO) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,016 shares of the technology company’s stock after selling 19 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Fair Isaac were worth $4,014,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FICO. Sequoia Financial Advisors LLC grew its position in Fair Isaac by 12.1% in the third quarter. Sequoia Financial Advisors LLC now owns 417 shares of the technology company’s stock valued at $810,000 after acquiring an additional 45 shares during the period. Private Advisor Group LLC boosted its stake in shares of Fair Isaac by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 552 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 17 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Fair Isaac by 60.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,505 shares of the technology company’s stock worth $4,869,000 after purchasing an additional 946 shares during the last quarter. E. Ohman J or Asset Management AB increased its position in shares of Fair Isaac by 8.5% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 1,085 shares of the technology company’s stock worth $2,109,000 after purchasing an additional 85 shares in the last quarter. Finally, Ballentine Partners LLC lifted its holdings in Fair Isaac by 11.8% during the 3rd quarter. Ballentine Partners LLC now owns 170 shares of the technology company’s stock valued at $330,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of several research analyst reports. Barclays lifted their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped 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 research report on Thursday, December 5th. Jefferies Financial Group lowered their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Finally, Oppenheimer decreased their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $2,078.15.

Fair Isaac Trading Down 1.7 %

NYSE:FICO opened at $1,697.04 on Friday. The stock has a 50 day simple moving average of $1,919.33 and a 200 day simple moving average of $1,974.57. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The stock has a market cap of $41.44 billion, a P/E ratio of 77.88, a PEG ratio of 3.27 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (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 forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Buying and Selling

In other news, EVP James M. Wehmann sold 3,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $2,195.19, for a total transaction of $6,585,570.00. Following 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 represents a 5.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. Insiders have sold 13,170 shares of company stock valued at $27,132,248 over the last 90 days. 3.46% of the stock is owned by corporate 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.