Fair Isaac Co. (NYSE:FICO) Shares Purchased by Mechanics Bank Trust Department

Mechanics Bank Trust Department boosted its holdings in Fair Isaac Co. (NYSE:FICOFree Report) by 5.7% during the 4th quarter, HoldingsChannel reports. 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Diversify Advisory Services LLC raised its stake in shares of Fair Isaac by 13.6% in the 4th quarter. Diversify Advisory Services LLC now owns 444 shares of the technology company’s stock valued at $851,000 after acquiring an additional 53 shares during the period. Diversify Wealth Management LLC raised its position in Fair Isaac by 1.1% in the fourth quarter. Diversify Wealth Management LLC now owns 1,063 shares of the technology company’s stock valued at $2,038,000 after purchasing an additional 12 shares during the period. Jackson Square Capital LLC purchased a new position in Fair Isaac in the fourth quarter valued at about $388,000. Hanseatic Management Services Inc. acquired a new position in shares of Fair Isaac during the fourth quarter worth about $94,000. Finally, Ameritas Advisory Services LLC boosted its position in shares of Fair Isaac by 1,152.9% in the fourth quarter. Ameritas Advisory Services LLC now owns 3,220 shares of the technology company’s stock worth $6,410,000 after buying an additional 2,963 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Trading Down 3.7 %

Shares of NYSE FICO opened at $1,897.10 on Tuesday. The company has a market cap of $46.19 billion, a price-to-earnings ratio of 92.77, a price-to-earnings-growth ratio of 3.55 and a beta of 1.40. The stock’s 50 day simple moving average is $2,152.86 and its 200 day simple moving average is $1,937.65. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.51.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FICO shares. JPMorgan Chase & Co. started coverage on Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price on the stock. Needham & Company LLC boosted 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 assumed coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Barclays boosted their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Oppenheimer lowered their target price 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. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,087.77.

Read Our Latest Stock Analysis on FICO

Insider Buying and Selling at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at $4,867,832.76. The trade was a 5.31 % 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, Director Marc F. Mcmorris sold 520 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the sale, the director now owns 242 shares of the company’s stock, valued at approximately $520,921.94. The trade was a 68.24 % 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. 3.54% of the stock is owned by insiders.

Fair Isaac Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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