Mechanics Bank Trust Department Boosts Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Mechanics Bank Trust Department raised its holdings in Fair Isaac Co. (NYSE:FICO) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112 shares of the technology company’s stock after purchasing an additional 6 shares during the quarter. Mechanics Bank Trust Department’s holdings in Fair Isaac were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac in the third quarter valued at approximately $25,000. True Wealth Design LLC boosted its position in shares of Fair Isaac by 900.0% during 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. 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. Versant Capital Management Inc increased its holdings in shares of Fair Isaac by 500.0% in the 4th 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 in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after purchasing an additional 6 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insiders Place Their Bets

In related news, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the completion of the transaction, the executive vice president now owns 48,895 shares of the company’s stock, valued at approximately $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the transaction, the executive vice president now owns 5,769 shares in the company, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,589 shares of company stock valued at $31,258,963 in the last quarter. 3.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FICO shares. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price for the company. Jefferies Financial Group raised their price objective on Fair Isaac from $2,250.00 to $2,275.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Barclays boosted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,087.77.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $1,897.10 on Tuesday. The firm has a market cap of $46.19 billion, a P/E ratio of 92.77, a price-to-earnings-growth ratio of 3.55 and a beta of 1.40. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The firm’s 50 day moving average price is $2,152.86 and its 200 day moving average price is $1,937.65.

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.