Fair Isaac Co. (NYSE:FICO) Shares Bought by Main Street Research LLC

Main Street Research LLC grew its stake in Fair Isaac Co. (NYSE:FICO) by 44.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,104 shares of the technology company’s stock after buying an additional 953 shares during the quarter. Main Street Research LLC’s holdings in Fair Isaac were worth $6,180,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Fair Isaac by 10.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,640 shares of the technology company’s stock worth $29,147,000 after purchasing an additional 1,426 shares during the period. AlphaQuest LLC raised its stake in shares of Fair Isaac by 33.3% during the 4th quarter. AlphaQuest LLC now owns 472 shares of the technology company’s stock worth $940,000 after buying an additional 118 shares during the period. OFI Invest Asset Management purchased a new position in shares of Fair Isaac during the 4th quarter valued at approximately $42,000. Amundi grew its stake in Fair Isaac by 101.7% in the 4th quarter. Amundi now owns 63,327 shares of the technology company’s stock valued at $124,401,000 after acquiring an additional 31,923 shares during the period. Finally, Lifeworks Advisors LLC increased its holdings in Fair Isaac by 21.4% in the 4th quarter. Lifeworks Advisors LLC now owns 159 shares of the technology company’s stock worth $317,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group dropped 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 report on Monday, January 27th. Oppenheimer cut their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Wells Fargo & Company lowered their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. began coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective for the company. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,835.64 on Monday. The company has a market capitalization of $44.82 billion, a PE ratio of 84.24, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. The firm’s 50-day moving average is $1,869.55 and its two-hundred day moving average is $1,982.96. 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) last released its quarterly 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 net margin of 30.66% and a negative return on equity of 53.40%. Sell-side analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction that occurred on 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 sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James M. Wehmann sold 3,000 shares of the company’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 transaction, the executive vice president now owns 51,911 shares in the company, 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 ninety days, insiders sold 9,669 shares of company stock worth $18,821,383. 3.46% of the stock is currently 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.