Suncoast Equity Management Purchases 138 Shares of Fair Isaac Co. (NYSE:FICO)

Suncoast Equity Management lifted its holdings in Fair Isaac Co. (NYSE:FICO) by 10.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,434 shares of the technology company’s stock after acquiring an additional 138 shares during the period. Fair Isaac makes up approximately 0.3% of Suncoast Equity Management’s investment portfolio, making the stock its 27th largest position. Suncoast Equity Management’s holdings in Fair Isaac were worth $2,855,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac during the third quarter worth about $25,000. True Wealth Design LLC increased its position 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 worth $39,000 after buying an additional 18 shares during the period. Berbice Capital Management LLC bought a new position in Fair Isaac during the fourth quarter worth $40,000. Meeder Asset Management Inc. lifted 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 buying an additional 6 shares during the period. Finally, 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 acquiring an additional 20 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Down 1.7 %

Shares of Fair Isaac stock opened at $1,724.97 on Friday. The company’s 50 day moving average is $1,928.65 and its 200 day moving average is $1,971.56. The company has a market cap of $42.12 billion, a price-to-earnings ratio of 79.16, a price-to-earnings-growth ratio of 3.40 and a beta of 1.39. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51.

Fair Isaac (NYSE:FICO) last released its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Sell-side analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the firm’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 completion of the transaction, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was 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 owns 42,138 shares in the company, valued at approximately $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. Insiders sold a total of 13,170 shares of company stock valued at $27,132,248 over the last three months. Corporate insiders own 3.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FICO shares. UBS Group lowered their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Robert W. Baird lowered their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective on the stock. Finally, Barclays increased their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $2,078.15.

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.