Lake Street Private Wealth LLC Has $239,000 Holdings in Fair Isaac Co. (NYSE:FICO)

Lake Street Private Wealth LLC decreased its holdings in Fair Isaac Co. (NYSE:FICO) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120 shares of the technology company’s stock after selling 8 shares during the period. Lake Street Private Wealth LLC’s holdings in Fair Isaac were worth $239,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Fair Isaac in the 3rd quarter valued at approximately $25,000. True Wealth Design LLC increased its stake in shares of Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after acquiring an additional 18 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after acquiring an additional 6 shares in the last quarter. Versant Capital Management Inc boosted its position in Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after purchasing an additional 20 shares during the last quarter. Finally, Covestor Ltd grew its stake in Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,897.10 on Friday. The stock’s 50-day moving average is $2,161.98 and its 200-day moving average is $1,932.20. The company has a market cap of $46.19 billion, a P/E ratio of 92.77, a P/E/G ratio of 3.55 and a beta of 1.40. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.51.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FICO. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research note on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target for the company. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Jefferies Financial Group raised their price target on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Needham & Company LLC upped their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,087.77.

Insider Activity at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now directly owns 92 shares of the company’s stock, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,589 shares of company stock worth $31,258,963 in the last 90 days. 3.54% of the stock is owned by company insiders.

Fair Isaac 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.