Silvercrest Asset Management Group LLC Buys 164 Shares of Fair Isaac Co. (NYSE:FICO)

Silvercrest Asset Management Group LLC grew its stake in Fair Isaac Co. (NYSE:FICO) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,174 shares of the technology company’s stock after buying an additional 164 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Fair Isaac were worth $6,319,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Mechanics Bank Trust Department increased its stake in 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 acquiring an additional 6 shares during the last quarter. Alpha Cubed Investments LLC boosted its holdings in shares of Fair Isaac by 1.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock worth $942,000 after purchasing an additional 6 shares in the last quarter. Resonant Capital Advisors LLC increased its position in shares of Fair Isaac by 2.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock valued at $609,000 after purchasing an additional 6 shares during the last quarter. Mather Group LLC. increased its position in shares of Fair Isaac by 5.2% during the 4th quarter. Mather Group LLC. now owns 122 shares of the technology company’s stock valued at $243,000 after purchasing an additional 6 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Fair Isaac by 1.0% during the 4th quarter. D.A. Davidson & CO. now owns 621 shares of the technology company’s stock valued at $1,236,000 after buying an additional 6 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FICO. Needham & Company LLC upped their target price on Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Robert W. Baird upped their price objective on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. UBS Group decreased their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Barclays lowered their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. Finally, 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. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,299.31.

Fair Isaac Trading Up 0.9%

Fair Isaac stock opened at $2,199.97 on Monday. The firm has a market cap of $53.55 billion, a P/E ratio of 100.96, a P/E/G ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 1-year low of $1,266.72 and a 1-year high of $2,402.52. The firm has a 50-day moving average of $1,915.89 and a 200-day moving average of $1,985.45.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The business had revenue of $498.74 million during the quarter, compared to analysts’ expectations of $500.45 million. During the same quarter last year, the business posted $6.14 EPS. The business’s revenue was up 15.0% on a year-over-year basis. Research analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Marc F. Mcmorris sold 797 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the sale, the director now directly owns 242 shares of the company’s stock, valued at approximately $505,175. This trade represents a 76.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William J. Lansing sold 592 shares of Fair Isaac stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total transaction of $1,284,841.28. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $91,453,786.92. The trade was a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,933 shares of company stock valued at $35,250,629 over the last quarter. 3.46% of the stock is owned by company insiders.

Fair Isaac Company 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.