100,175 Shares in Fair Isaac Co. (NYSE:FICO) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 100,175 shares of the technology company’s stock, valued at approximately $199,441,000. Raymond James Financial Inc. owned approximately 0.41% of Fair Isaac at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Promus Capital LLC purchased a new position in Fair Isaac in the 4th quarter worth approximately $84,000. Cullen Frost Bankers Inc. bought a new stake in Fair Isaac in the 4th quarter worth approximately $68,000. Arizona State Retirement System increased its stake in Fair Isaac by 0.6% in the 4th quarter. Arizona State Retirement System now owns 7,122 shares of the technology company’s stock worth $14,179,000 after acquiring an additional 42 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Fair Isaac in the 4th quarter worth approximately $261,610,000. Finally, Assetmark Inc. increased its stake in Fair Isaac by 33.3% in the 4th quarter. Assetmark Inc. now owns 104 shares of the technology company’s stock worth $207,000 after acquiring an additional 26 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction on Thursday, January 9th. The stock was 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 in the company, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,670 shares of company stock valued at $18,823,773 in the last quarter. 3.46% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, February 5th. UBS Group reduced their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company reduced their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

Fair Isaac Stock Up 1.1 %

Shares of Fair Isaac stock opened at $1,835.64 on Friday. The stock’s fifty day moving average is $1,873.58 and its two-hundred day moving average is $1,979.17. The company has a market capitalization of $44.82 billion, a PE ratio of 84.24, a price-to-earnings-growth ratio of 3.27 and a beta of 1.39. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week 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 EPS 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, research 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.