Main Street Research LLC Grows Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Main Street Research LLC increased its position in shares of Fair Isaac Co. (NYSE:FICO) by 44.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,104 shares of the technology company’s stock after purchasing an additional 953 shares during the period. Main Street Research LLC’s holdings in Fair Isaac were worth $6,180,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FICO. First National Bank of Omaha purchased a new stake in shares of Fair Isaac during the 3rd quarter worth approximately $1,576,000. National Bank of Canada FI raised its stake in Fair Isaac by 51.9% during the 3rd quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock worth $38,514,000 after acquiring an additional 6,768 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in Fair Isaac in the fourth quarter valued at $1,935,000. BNP Paribas acquired a new position in Fair Isaac in the third quarter valued at $445,000. Finally, Czech National Bank grew its holdings in shares of Fair Isaac by 5.7% during the fourth quarter. Czech National Bank now owns 5,280 shares of the technology company’s stock worth $10,512,000 after purchasing an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 1.1 %

NYSE FICO opened at $1,835.64 on Monday. The stock has a market capitalization of $44.82 billion, a price-to-earnings ratio of 84.24, a PEG ratio of 3.27 and a beta of 1.41. The business’s 50 day moving average is $1,869.55 and its two-hundred day moving average is $1,982.96. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FICO shares. Needham & Company LLC reiterated a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, February 5th. The Goldman Sachs Group upped their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. UBS Group reduced their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, Robert W. Baird decreased their target price 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. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James M. Wehmann sold 3,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $2,195.19, for a total transaction of $6,585,570.00. Following the completion of the sale, the executive vice president now owns 51,911 shares in the company, valued at $113,954,508.09. This represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,669 shares of company stock worth $18,821,383 in the last 90 days. 3.46% of the stock is currently owned by corporate insiders.

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.