Alcosta Capital Management Inc. Purchases 9 Shares of Fair Isaac Co. (NYSE:FICO)

Alcosta Capital Management Inc. raised its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,279 shares of the technology company’s stock after purchasing an additional 9 shares during the quarter. Fair Isaac makes up approximately 3.8% of Alcosta Capital Management Inc.’s portfolio, making the stock its 13th largest holding. Alcosta Capital Management Inc.’s holdings in Fair Isaac were worth $6,528,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FICO. Norges Bank purchased a new stake in shares of Fair Isaac during the 4th quarter valued at approximately $442,369,000. Wealthfront Advisers LLC boosted its holdings in shares of 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 acquiring an additional 144,266 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Fair Isaac in the fourth quarter valued at $261,610,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Fair Isaac by 376.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock valued at $321,790,000 after purchasing an additional 127,679 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Fair Isaac during the 4th quarter valued at $199,441,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 6.6 %

Shares of NYSE FICO opened at $1,681.51 on Friday. The stock has a market cap of $41.06 billion, a price-to-earnings ratio of 77.17, a P/E/G ratio of 3.27 and a beta of 1.37. The stock’s 50-day moving average is $1,823.53 and its 200 day moving average is $1,988.91. 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 announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share 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, analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analysts Set New Price Targets

FICO has been the subject of several analyst reports. Oppenheimer cut their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Robert W. Baird decreased their target price on shares of 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. Jefferies Financial Group cut their price target 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, Needham & Company LLC reaffirmed a “buy” rating and issued a $2,500.00 price target on shares of Fair Isaac in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $2,080.46.

Insider Buying and Selling at Fair Isaac

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 transaction of $273,054.38. Following the completion of the sale, the chief financial officer now directly owns 2,478 shares in the company, valued at $4,867,832.76. This represents a 5.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO William J. Lansing sold 6,010 shares of the firm’s 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 sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,241 shares of company stock worth $18,186,184 over the last three months. Company insiders own 3.46% of the company’s stock.

Fair Isaac Company 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.