SVB Wealth LLC Acquires New Shares in Fair Isaac Co. (NYSE:FICO)

SVB Wealth LLC bought a new position in shares of Fair Isaac Co. (NYSE:FICO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 326 shares of the technology company’s stock, valued at approximately $649,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FICO. Capital Performance Advisors LLP bought a new stake in shares of Fair Isaac during the 3rd quarter valued at approximately $25,000. True Wealth Design LLC boosted its position in Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after buying an additional 18 shares in the last quarter. Berbice Capital Management LLC bought a new stake in shares of Fair Isaac during the fourth quarter worth $40,000. Meeder Asset Management Inc. increased its holdings in shares of 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 buying an additional 6 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake 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 valued at $48,000 after acquiring an additional 20 shares during 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 research reports. Barclays boosted their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target on the stock. Wells Fargo & Company dropped their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. UBS Group reduced 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. Finally, Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,088.15.

Fair Isaac Stock Down 1.4 %

FICO opened at $1,859.28 on Tuesday. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.52. The company has a fifty day moving average of $1,887.66 and a 200-day moving average of $1,980.16. The stock has a market cap of $45.40 billion, a PE ratio of 85.33, a price-to-earnings-growth ratio of 3.27 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Sell-side analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Fair Isaac news, 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $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 13,170 shares of company stock valued at $27,132,248 over the last 90 days. Company insiders own 3.46% of the company’s stock.

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.