Fisher Asset Management LLC Boosts Stake in Fair Isaac Co. (NYSE:FICO)

Fisher Asset Management LLC raised its position in Fair Isaac Co. (NYSE:FICO) by 8.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 312 shares of the technology company’s stock after purchasing an additional 23 shares during the period. Fisher Asset Management LLC’s holdings in Fair Isaac were worth $622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Fair Isaac by 0.5% in the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock valued at $2,031,299,000 after buying an additional 5,472 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Fair Isaac by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock valued at $1,308,460,000 after purchasing an additional 7,466 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Fair Isaac by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock valued at $1,251,537,000 after purchasing an additional 6,510 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after purchasing an additional 1,977 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Fair Isaac by 5.4% in the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company’s stock valued at $506,257,000 after purchasing an additional 13,133 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP James M. Wehmann sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the completion of the transaction, the executive vice president now directly owns 51,911 shares in the company, valued at $113,954,508.09. This trade represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marc F. Mcmorris sold 520 shares of the firm’s 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 sale, the director now owns 242 shares of the company’s stock, valued at $520,921.94. The trade was a 68.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,670 shares of company stock worth $18,823,773 over the last three months. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Trading Down 3.0 %

Shares of NYSE:FICO opened at $1,817.40 on Friday. The firm’s 50 day moving average is $1,878.49 and its two-hundred day moving average is $1,980.30. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. The firm has a market capitalization of $44.38 billion, a P/E ratio of 83.41, a PEG ratio of 3.27 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. UBS Group cut their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. JPMorgan Chase & Co. started coverage on shares of Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. Robert W. Baird dropped their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average price target of $2,088.15.

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.