Cabot Wealth Management Inc. Has $4.01 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Cabot Wealth Management Inc. lessened its holdings in Fair Isaac Co. (NYSE:FICO) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,016 shares of the technology company’s stock after selling 19 shares during the period. Cabot Wealth Management Inc.’s holdings in Fair Isaac were worth $4,014,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FICO. WESPAC Advisors LLC grew its holdings in shares of Fair Isaac by 18.5% during the 4th quarter. WESPAC Advisors LLC now owns 474 shares of the technology company’s stock valued at $944,000 after purchasing an additional 74 shares during the last quarter. Suncoast Equity Management boosted its position in Fair Isaac by 10.6% in the fourth quarter. Suncoast Equity Management now owns 1,434 shares of the technology company’s stock valued at $2,855,000 after buying an additional 138 shares in the last quarter. RPS Advisory Solutions LLC bought a new stake in shares of Fair Isaac during the fourth quarter worth $432,000. ING Groep NV increased its holdings in shares of Fair Isaac by 356.6% during the fourth quarter. ING Groep NV now owns 3,662 shares of the technology company’s stock worth $7,291,000 after buying an additional 2,860 shares in the last quarter. Finally, Boston Financial Mangement LLC lifted its stake in shares of Fair Isaac by 0.5% in the 4th quarter. Boston Financial Mangement LLC now owns 71,029 shares of the technology company’s stock valued at $141,414,000 after acquiring an additional 322 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

FICO stock opened at $1,697.04 on Friday. The company has a market capitalization of $41.44 billion, a P/E ratio of 77.88, a price-to-earnings-growth ratio of 3.27 and a beta of 1.39. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.51. The firm’s fifty day simple moving average is $1,919.33 and its 200-day simple moving average is $1,974.57.

Fair Isaac (NYSE:FICO) last posted its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. As a group, sell-side analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the firm’s 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 transaction, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $76,026,643.74. This represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,170 shares of company stock valued at $27,132,248. Company insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on FICO shares. 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. 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 note on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and issued a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday, February 5th. Wells Fargo & Company dropped their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Robert W. Baird decreased 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 research note on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $2,078.15.

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.