Meritas Wealth Management LLC Has $2.33 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Meritas Wealth Management LLC decreased its holdings in Fair Isaac Co. (NYSE:FICO) by 3.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,168 shares of the technology company’s stock after selling 47 shares during the period. Fair Isaac comprises about 1.4% of Meritas Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Meritas Wealth Management LLC’s holdings in Fair Isaac were worth $2,325,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Fair Isaac in the third quarter valued at about $25,000. True Wealth Design LLC grew its stake in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after buying an additional 18 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after buying an additional 6 shares during the last quarter. Versant Capital Management Inc increased its holdings in Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after buying an additional 20 shares during the last quarter. Finally, Covestor Ltd raised its position 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 acquiring an additional 6 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Trading Down 3.7 %

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Barclays raised their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Oppenheimer decreased their price target 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. Needham & Company LLC raised their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their target price on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and an average target price of $2,087.77.

Insider Transactions at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction on Monday, November 11th. The shares were 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 in the company, valued at $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now directly owns 92 shares in the company, valued at $215,146.60. This trade represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,589 shares of company stock worth $31,258,963. 3.54% of the stock is currently owned by company insiders.

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.