Farther Finance Advisors LLC Acquires 221 Shares of Fair Isaac Co. (NYSE:FICO)

Farther Finance Advisors LLC boosted its holdings in Fair Isaac Co. (NYSE:FICO) by 86.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 477 shares of the technology company’s stock after purchasing an additional 221 shares during the quarter. Farther Finance Advisors LLC’s holdings in Fair Isaac were worth $950,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FICO. True Wealth Design LLC boosted its position in shares of Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after acquiring an additional 18 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in Fair Isaac in the 4th quarter worth $40,000. OFI Invest Asset Management bought a new position in shares of Fair Isaac during the 4th quarter valued at about $42,000. Meeder Asset Management Inc. grew its position 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 valued at $43,000 after purchasing an additional 6 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after purchasing an additional 20 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

Fair Isaac stock opened at $1,802.42 on Friday. The firm has a market capitalization of $44.01 billion, a P/E ratio of 82.72, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.52. The company’s 50-day moving average is $1,845.26 and its 200 day moving average is $1,980.10.

Fair Isaac (NYSE:FICO) last issued 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 negative return on equity of 53.40% and a net margin of 30.66%. Research analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FICO. The Goldman Sachs Group increased their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. UBS Group cut their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Wells Fargo & Company decreased their price target on shares of 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. JPMorgan Chase & Co. started coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 4,092 shares of Fair Isaac stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $72,801,401.22. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marc F. Mcmorris sold 520 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the completion of the transaction, the director now directly owns 242 shares in the company, valued at approximately $520,921.94. This trade represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,761 shares of company stock worth $19,305,521 over the last quarter. 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.