Pictet Asset Management Holding SA Has $142.88 Million Position in Fair Isaac Co. (NYSE:FICO)

Pictet Asset Management Holding SA lifted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,765 shares of the technology company’s stock after purchasing an additional 2,333 shares during the period. Pictet Asset Management Holding SA owned 0.29% of Fair Isaac worth $142,879,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Fair Isaac in the 4th quarter valued at $442,369,000. Wealthfront Advisers LLC lifted its holdings in Fair Isaac by 5,217.6% in the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock valued at $292,728,000 after buying an additional 144,266 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Fair Isaac during the 4th quarter valued at about $261,610,000. Raymond James Financial Inc. bought a new position in shares of Fair Isaac during the 4th quarter worth approximately $199,441,000. Finally, FMR LLC boosted its stake in Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after acquiring an additional 65,297 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,834.32 on Friday. The company has a market capitalization of $44.79 billion, a PE ratio of 84.18, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. The business’s fifty day moving average is $1,828.54 and its 200 day moving average is $1,989.42. 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 issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, sell-side analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of Fair Isaac stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at $72,801,401.22. The trade was a 8.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven P. Weber sold 139 shares of the 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 sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,241 shares of company stock worth $18,186,184 in the last quarter. 3.46% of the stock is owned by insiders.

Analysts Set New Price Targets

FICO has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. The Goldman Sachs Group increased their price objective 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 raised Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. UBS Group lowered their price target on shares of 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. Finally, JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,088.15.

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.