Intech Investment Management LLC Boosts Stake in Fair Isaac Co. (NYSE:FICO)

Intech Investment Management LLC lifted its stake in Fair Isaac Co. (NYSE:FICO) by 23.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,702 shares of the technology company’s stock after purchasing an additional 5,494 shares during the period. Fair Isaac accounts for approximately 1.7% of Intech Investment Management LLC’s holdings, making the stock its 13th largest position. Intech Investment Management LLC’s holdings in Fair Isaac were worth $57,144,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Rakuten Securities Inc. boosted its position in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after buying an additional 8 shares during the period. True Wealth Design LLC raised 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 worth $39,000 after buying an additional 18 shares in the last quarter. Berbice Capital Management LLC bought a new position in Fair Isaac in the fourth quarter worth approximately $40,000. Avalon Trust Co acquired a new position in shares of Fair Isaac during the fourth quarter worth $40,000. Finally, OFI Invest Asset Management acquired a new position in shares of Fair Isaac during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FICO shares. Needham & Company LLC reissued a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a report on Wednesday, February 5th. Jefferies Financial Group reduced their price target 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. Robert W. Baird cut their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Oppenheimer dropped their price target on shares of 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. Finally, UBS Group lowered their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

Fair Isaac Price Performance

FICO opened at $1,846.45 on Tuesday. The stock has a market capitalization of $45.09 billion, a PE ratio of 84.74, a P/E/G ratio of 3.27 and a beta of 1.41. The firm’s fifty day moving average price is $1,842.79 and its 200 day moving average price is $1,984.72. 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 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 negative return on equity of 53.40% and a net margin of 30.66%. On average, equities research analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Steven P. Weber sold 139 shares of the stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 4,092 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $72,801,401.22. The trade was a 8.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,241 shares of company stock worth $18,186,184. Corporate insiders own 3.46% of the company’s stock.

About Fair Isaac

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.