iA Global Asset Management Inc. Has $1.88 Million Position in Fair Isaac Co. (NYSE:FICO)

iA Global Asset Management Inc. increased its position in Fair Isaac Co. (NYSE:FICO) by 14.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 943 shares of the technology company’s stock after buying an additional 117 shares during the period. iA Global Asset Management Inc.’s holdings in Fair Isaac were worth $1,877,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FICO. Wealthfront Advisers LLC increased its holdings in Fair Isaac by 5,217.6% in the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock worth $292,728,000 after buying an additional 144,266 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Fair Isaac during the fourth quarter valued at approximately $261,610,000. Raymond James Financial Inc. acquired a new position in Fair Isaac during the fourth quarter valued at approximately $199,441,000. FMR LLC grew its holdings in Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after purchasing an additional 65,297 shares during the last quarter. Finally, National Pension Service grew its holdings in Fair Isaac by 104.9% during the fourth quarter. National Pension Service now owns 79,248 shares of the technology company’s stock valued at $157,777,000 after purchasing an additional 40,574 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,857.48 on Friday. The stock has a market cap of $45.36 billion, a P/E ratio of 85.24, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.52. The stock has a fifty day moving average price of $1,835.24 and a 200 day moving average price of $1,984.50.

Fair Isaac (NYSE:FICO) last issued its earnings results 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%. Equities research analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on 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 transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac 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 transaction, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,241 shares of company stock valued at $18,186,184. 3.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on FICO shares. The Goldman Sachs Group increased their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Robert W. Baird lowered their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Jefferies Financial Group lowered their price objective 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and an average target price of $2,088.15.

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.