Fortis Capital Management LLC Grows Position in Fair Isaac Co. (NYSE:FICO)

Fortis Capital Management LLC lifted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,935 shares of the technology company’s stock after purchasing an additional 416 shares during the quarter. Fair Isaac accounts for approximately 1.1% of Fortis Capital Management LLC’s portfolio, making the stock its 22nd largest position. Fortis Capital Management LLC’s holdings in Fair Isaac were worth $5,843,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FICO. Fox Run Management L.L.C. purchased a new position in Fair Isaac in the fourth quarter worth $902,000. KLP Kapitalforvaltning AS bought a new stake in Fair Isaac during the fourth quarter worth about $27,136,000. AXQ Capital LP bought a new stake in Fair Isaac during the fourth quarter worth about $850,000. Mizuho Securities USA LLC boosted its holdings in shares of Fair Isaac by 45.2% in the 4th quarter. Mizuho Securities USA LLC now owns 2,308 shares of the technology company’s stock worth $4,595,000 after purchasing an additional 718 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Fair Isaac during the 4th quarter valued at about $2,803,000. 85.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Steven P. Weber sold 139 shares of the company’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 owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William J. Lansing sold 4,092 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $72,801,401.22. The trade was a 8.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,241 shares of company stock worth $18,186,184. Company insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,857.48 on Friday. The stock’s fifty day moving average price is $1,835.24 and its 200-day moving average price is $1,986.57. The company has a market cap of $45.36 billion, a P/E ratio of 85.24, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.52.

Fair Isaac (NYSE:FICO) last released 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, sell-side analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on FICO. Wells Fargo & Company reduced their price target on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Needham & Company LLC restated a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a report on Wednesday, February 5th. Oppenheimer decreased their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Robert W. Baird decreased their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target for the company. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.