Meritas Wealth Management LLC Trims Position in Fair Isaac Co. (NYSE:FICO)

Meritas Wealth Management LLC lowered its holdings in Fair Isaac Co. (NYSE:FICO) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,168 shares of the technology company’s stock after selling 47 shares during the period. Fair Isaac accounts for 1.4% of Meritas Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. Meritas Wealth Management LLC’s holdings in Fair Isaac were worth $2,325,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FICO. Mercer Global Advisors Inc. ADV grew its holdings in Fair Isaac by 5.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 779 shares of the technology company’s stock valued at $1,159,000 after purchasing an additional 43 shares during the period. Brighton Jones LLC boosted its holdings in shares of Fair Isaac by 3.1% in the 2nd quarter. Brighton Jones LLC now owns 438 shares of the technology company’s stock valued at $652,000 after purchasing an additional 13 shares during the last quarter. Ieq Capital LLC grew its stake in shares of Fair Isaac by 6.4% during the 2nd quarter. Ieq Capital LLC now owns 1,523 shares of the technology company’s stock valued at $2,268,000 after buying an additional 92 shares during the period. Bridges Investment Management Inc. increased its holdings in shares of Fair Isaac by 62.9% during the 2nd quarter. Bridges Investment Management Inc. now owns 378 shares of the technology company’s stock worth $563,000 after buying an additional 146 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Fair Isaac by 231.8% in the 2nd quarter. Sei Investments Co. now owns 69,127 shares of the technology company’s stock worth $102,908,000 after buying an additional 48,294 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays boosted their price target 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. Needham & Company LLC increased their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. UBS Group began coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Robert W. Baird increased their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target for the company. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,087.77.

Fair Isaac Stock Down 3.7 %

FICO stock opened at $1,897.10 on Monday. The firm’s 50-day simple moving average is $2,161.98 and its 200 day simple moving average is $1,935.07. The stock has a market cap of $46.19 billion, a PE ratio of 92.77, a price-to-earnings-growth ratio of 3.55 and a beta of 1.40. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51.

Insider Activity

In related news, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the transaction, the executive vice president now directly owns 48,895 shares of the company’s stock, valued at $113,456,446.95. This represents a 6.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,589 shares of company stock valued at $31,258,963. Insiders own 3.54% 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.