Secure Asset Management LLC Has $518,000 Stake in Fair Isaac Co. (NYSE:FICO)

Secure Asset Management LLC grew its holdings in Fair Isaac Co. (NYSE:FICO) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 260 shares of the technology company’s stock after purchasing an additional 8 shares during the quarter. Secure Asset Management LLC’s holdings in Fair Isaac were worth $518,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FICO. Capital Performance Advisors LLP acquired a new position in Fair Isaac during the 3rd quarter worth $25,000. True Wealth Design LLC lifted its stake in shares of Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after acquiring an additional 18 shares during the period. Meeder Asset Management Inc. boosted 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 valued at $43,000 after acquiring an additional 6 shares during the last quarter. Versant Capital Management Inc increased its position 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 purchasing an additional 20 shares during the period. Finally, Covestor Ltd raised its holdings in Fair Isaac by 30.0% during the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after purchasing an additional 6 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

Shares of FICO opened at $1,813.88 on Friday. The firm’s 50 day moving average price is $2,115.89 and its two-hundred day moving average price is $1,940.96. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51. The firm has a market cap of $44.17 billion, a P/E ratio of 88.70, a PEG ratio of 3.46 and a beta of 1.40.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FICO. UBS Group initiated coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. JPMorgan Chase & Co. began coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price target on the stock. The Goldman Sachs Group lifted their price objective on 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. Finally, Jefferies Financial Group increased their target price on Fair Isaac from $2,250.00 to $2,275.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,087.77.

Insider Activity at Fair Isaac

In other news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction 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 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 SEC, which can be accessed through the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the sale, the executive vice president now directly owns 48,895 shares in the company, valued at $113,456,446.95. This trade represents a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,589 shares of company stock valued at $31,258,963. 3.54% of the stock is 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.