D.A. Davidson & CO. Boosts Stock Position in Fair Isaac Co. (NYSE:FICO)

D.A. Davidson & CO. raised its stake in shares of Fair Isaac Co. (NYSE:FICO) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 621 shares of the technology company’s stock after buying an additional 6 shares during the quarter. D.A. Davidson & CO.’s holdings in Fair Isaac were worth $1,236,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. CIBC Asset Management Inc raised its stake in shares of Fair Isaac by 4.0% in the fourth quarter. CIBC Asset Management Inc now owns 3,731 shares of the technology company’s stock worth $7,428,000 after purchasing an additional 142 shares during the last quarter. Pittenger & Anderson Inc. grew its stake in shares of Fair Isaac by 42.7% during the 4th quarter. Pittenger & Anderson Inc. now owns 515 shares of the technology company’s stock valued at $1,025,000 after purchasing an additional 154 shares during the period. J.W. Cole Advisors Inc. grew its position in Fair Isaac by 15.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 364 shares of the technology company’s stock valued at $725,000 after buying an additional 50 shares during the period. Principal Securities Inc. grew its position in shares of Fair Isaac by 2.5% during the 4th quarter. Principal Securities Inc. now owns 363 shares of the technology company’s stock valued at $723,000 after acquiring an additional 9 shares during the period. Finally, AustralianSuper Pty Ltd increased its position in Fair Isaac by 40.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 102,858 shares of the technology company’s stock worth $204,783,000 after buying an additional 29,582 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP James M. Wehmann sold 3,000 shares of Fair Isaac 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 of the company’s stock, valued at $113,954,508.09. The trade was a 5.46 % decrease in their ownership of the stock. 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 company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,170 shares of company stock valued at $27,132,248. 3.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FICO shares. Needham & Company LLC restated a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research report on Wednesday, February 5th. Jefferies Financial Group decreased their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Wells Fargo & Company reduced their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Oppenheimer cut their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $2,078.15.

Fair Isaac Trading Down 1.7 %

Shares of NYSE:FICO opened at $1,697.04 on Monday. The company has a market capitalization of $41.44 billion, a PE ratio of 77.88, a P/E/G ratio of 3.27 and a beta of 1.39. The business’s fifty day simple moving average is $1,919.33 and its 200-day simple moving average is $1,976.72. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.51.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data 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 negative return on equity of 53.40% and a net margin of 30.66%. Research analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

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.