SVB Wealth LLC Purchases New Stake in Fair Isaac Co. (NYSE:FICO)

SVB Wealth LLC acquired a new position 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 326 shares of the technology company’s stock, valued at approximately $649,000.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd raised its holdings in shares of Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after acquiring an additional 6 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the last quarter. Mechanics Bank Trust Department lifted its holdings in shares of Fair Isaac by 5.7% in the fourth quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock valued at $223,000 after purchasing an additional 6 shares in the last quarter. Alpha Cubed Investments LLC grew its holdings in Fair Isaac by 1.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock worth $942,000 after buying an additional 6 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its position in Fair Isaac by 2.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock valued at $609,000 after buying an additional 6 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Performance

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

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. Equities analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FICO. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Oppenheimer reduced 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 research report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and set a $2,500.00 target price on shares of Fair Isaac in a research report on Wednesday, February 5th. Robert W. Baird cut their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. initiated coverage on 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 research 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 stock has an average rating of “Moderate Buy” and a consensus price target of $2,088.15.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction that occurred on 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 owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 139 shares of the firm’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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 13,170 shares of company stock worth $27,132,248 in the last quarter. 3.46% of the stock is owned by company insiders.

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.