Biondo Investment Advisors LLC Acquires 99 Shares of Fair Isaac Co. (NYSE:FICO)

Biondo Investment Advisors LLC boosted its holdings in Fair Isaac Co. (NYSE:FICO) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 6,228 shares of the technology company’s stock after purchasing an additional 99 shares during the period. Fair Isaac makes up about 1.7% of Biondo Investment Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Biondo Investment Advisors LLC’s holdings in Fair Isaac were worth $12,400,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Fair Isaac by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company’s stock worth $5,781,051,000 after purchasing an additional 22,178 shares in the last quarter. State Street Corp boosted its holdings in Fair Isaac by 0.5% in the third quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock worth $2,031,299,000 after acquiring an additional 5,472 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Fair Isaac by 0.8% in the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company’s stock valued at $1,351,073,000 after acquiring an additional 5,371 shares during the period. Geode Capital Management LLC increased its holdings in shares of Fair Isaac by 1.0% during the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock valued at $1,251,537,000 after acquiring an additional 6,510 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after purchasing an additional 1,977 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Jefferies Financial Group reduced their price objective 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. UBS Group lowered their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. 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. Finally, Needham & Company LLC reissued 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 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

Insider Buying and Selling

In related news, 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 value of $10,843,422.30. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the 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 transaction, the chief financial officer now owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,241 shares of company stock valued at $18,186,184. 3.46% of the stock is owned by company insiders.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,834.32 on Friday. The business has a fifty day moving average price of $1,828.54 and a two-hundred day moving average price of $1,989.42. The company has a market capitalization of $44.79 billion, a PE ratio of 84.18, a price-to-earnings-growth 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 posted its quarterly earnings data 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%. Sell-side analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current year.

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.