Versor Investments LP Invests $1.33 Million in Fair Isaac Co. (NYSE:FICO)

Versor Investments LP purchased a new position in shares of Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 669 shares of the technology company’s stock, valued at approximately $1,332,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FICO. Capital Performance Advisors LLP acquired a new position in Fair Isaac during the 3rd quarter worth approximately $25,000. True Wealth Design LLC grew its holdings in 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 period. Berbice Capital Management LLC purchased a new position in Fair Isaac in the fourth quarter worth $40,000. Meeder Asset Management Inc. lifted its holdings in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after acquiring an additional 6 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of Fair Isaac by 500.0% during the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after purchasing an additional 20 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FICO. UBS Group reduced their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company reduced their price target on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Robert W. Baird lowered their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Barclays raised their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their target price on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to 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 related news, CFO Steven P. Weber sold 139 shares of the firm’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 value of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,170 shares of company stock valued at $27,132,248. Company insiders own 3.46% of the company’s stock.

Fair Isaac Stock Up 2.8 %

FICO opened at $1,867.49 on Thursday. The firm has a market cap of $45.60 billion, a P/E ratio of 85.70, a PEG ratio of 3.27 and a beta of 1.39. The business’s fifty day simple moving average is $1,900.41 and its 200 day simple moving average is $1,976.50. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.51.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) 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%. As a group, equities analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal 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.