New Age Alpha Advisors LLC Takes Position in Fair Isaac Co. (NYSE:FICO)

New Age Alpha Advisors LLC purchased a new position in shares of Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,105 shares of the technology company’s stock, valued at approximately $4,191,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. Norges Bank purchased a new stake in shares of Fair Isaac during the 4th quarter worth about $442,369,000. Wealthfront Advisers LLC boosted its position in Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock worth $292,728,000 after purchasing an additional 144,266 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Fair Isaac in the fourth quarter valued at approximately $261,610,000. Raymond James Financial Inc. purchased a new stake in shares of Fair Isaac in the fourth quarter valued at approximately $199,441,000. Finally, FMR LLC raised its stake in shares of Fair Isaac by 46.1% during the 3rd quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after buying an additional 65,297 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FICO shares. Oppenheimer cut their price target on shares of 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. Needham & Company LLC reissued a “buy” rating and set a $2,500.00 target price on shares of Fair Isaac in a research note on Wednesday, February 5th. The Goldman Sachs Group raised their price target on shares of 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. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Finally, Robert W. Baird decreased 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 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,088.15.

Fair Isaac Stock Down 2.0 %

Shares of NYSE:FICO opened at $1,834.32 on Friday. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The business has a fifty day moving average of $1,828.54 and a two-hundred day moving average of $1,989.42. The stock has a market cap of $44.79 billion, a P/E ratio of 84.18, a PEG ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (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%. On average, equities analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of Fair Isaac stock in a transaction dated 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 directly owns 42,138 shares in the company, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 2,478 shares in the company, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,241 shares of company stock worth $18,186,184 in the last 90 days. 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.