Argent Capital Management LLC Has $98.73 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Argent Capital Management LLC decreased its position in Fair Isaac Co. (NYSE:FICO) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,590 shares of the technology company’s stock after selling 3,166 shares during the period. Fair Isaac makes up approximately 2.8% of Argent Capital Management LLC’s holdings, making the stock its 9th biggest position. Argent Capital Management LLC’s holdings in Fair Isaac were worth $98,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FICO. Capital Performance Advisors LLP acquired a new stake in Fair Isaac during the third quarter valued at approximately $25,000. True Wealth Design LLC lifted its stake in Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares during the last quarter. Versant Capital Management Inc lifted its stake in Fair Isaac by 500.0% during the fourth 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 during the last quarter. Finally, Covestor Ltd lifted its stake in Fair Isaac by 30.0% during 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 last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO opened at $2,025.12 on Thursday. The firm’s 50 day moving average price is $2,174.74 and its two-hundred day moving average price is $1,926.32. The firm has a market cap of $49.31 billion, a P/E ratio of 99.03, a PEG ratio of 3.55 and a beta of 1.40. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51.

Insider Buying and Selling

In related news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the sale, the chief financial officer now 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 SEC, which is available through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,589 shares of company stock worth $31,258,963. Insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FICO. Wells Fargo & Company upped their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Jefferies Financial Group increased their target price on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group increased their target price 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. Needham & Company LLC increased their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, UBS Group initiated coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $2,087.77.

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.