Charles Schwab Investment Management Inc. Grows Stake in Fair Isaac Co. (NYSE:FICO)

Charles Schwab Investment Management Inc. grew its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 1.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 165,777 shares of the technology company’s stock after buying an additional 2,227 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Fair Isaac were worth $330,050,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Fair Isaac in the 3rd quarter valued at about $25,000. True Wealth Design LLC raised its position in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after acquiring an additional 18 shares in the last quarter. Berbice Capital Management LLC purchased a new position in Fair Isaac during the fourth quarter valued at $40,000. Meeder Asset Management Inc. boosted its stake in 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. Finally, Versant Capital Management Inc boosted its position in shares of Fair Isaac by 500.0% in the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

FICO has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased 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 report on Thursday, December 5th. UBS Group decreased their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Oppenheimer lowered 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. Jefferies Financial Group dropped their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Robert W. Baird cut their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,088.15.

Insiders Place Their Bets

In related news, Director Marc F. Mcmorris sold 520 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the transaction, the director now owns 242 shares of the company’s stock, valued at $520,921.94. This trade represents a 68.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James M. Wehmann sold 3,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total transaction of $6,585,570.00. Following the transaction, the executive vice president now owns 51,911 shares of the company’s stock, 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. In the last 90 days, insiders sold 9,670 shares of company stock valued at $18,823,773. 3.46% of the stock is owned by company insiders.

Fair Isaac Stock Up 0.2 %

FICO opened at $1,874.14 on Thursday. The company has a market cap of $45.76 billion, a P/E ratio of 86.01, a price-to-earnings-growth ratio of 3.27 and a beta of 1.39. The firm’s 50-day moving average price is $1,883.11 and its 200-day moving average price is $1,981.04. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) 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%. On average, research analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal 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.