West Michigan Advisors LLC Takes $265,000 Position in Fair Isaac Co. (NYSE:FICO)

West Michigan Advisors LLC acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 133 shares of the technology company’s stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FICO. State Street Corp increased its stake in shares of Fair Isaac by 0.5% in the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock valued at $2,031,299,000 after purchasing an additional 5,472 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock valued at $1,308,460,000 after purchasing an additional 7,466 shares during the period. Geode Capital Management LLC increased its position in shares of Fair Isaac by 1.0% in 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 buying an additional 6,510 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after buying an additional 1,977 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of Fair Isaac by 5.4% during the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company’s stock valued at $506,257,000 after buying an additional 13,133 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FICO shares. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $2,040.00 to $2,170.00 in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday, February 5th. UBS Group lowered their price objective on 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. Oppenheimer reduced their target price on 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. Finally, Jefferies Financial Group decreased their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $2,088.15.

Insider Activity

In related news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were 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 in the company, valued at $76,026,643.74. The trade was a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,170 shares of company stock valued at $27,132,248 in the last 90 days. Company insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

NYSE FICO opened at $1,884.63 on Friday. The stock’s fifty day moving average is $1,892.09 and its two-hundred day moving average is $1,978.08. The firm has a market capitalization of $46.02 billion, a P/E ratio of 86.49, a price-to-earnings-growth ratio of 3.27 and a beta of 1.39. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.52.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. As a group, sell-side analysts forecast that Fair Isaac Co. will post 24.15 EPS 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.