Longbow Finance SA Takes $2.69 Million Position in Fair Isaac Co. (NYSE:FICO)

Longbow Finance SA bought a new position in shares of Fair Isaac Co. (NYSE:FICO) in the 4th quarter, Holdings Channel reports. The fund bought 1,350 shares of the technology company’s stock, valued at approximately $2,688,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Private Advisor Group LLC raised its holdings in shares of Fair Isaac by 3.2% during the third quarter. Private Advisor Group LLC now owns 552 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 17 shares during the period. Assenagon Asset Management S.A. increased its position in Fair Isaac by 60.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,505 shares of the technology company’s stock valued at $4,869,000 after buying an additional 946 shares in the last quarter. Ballentine Partners LLC raised its stake in Fair Isaac by 11.8% during the 3rd quarter. Ballentine Partners LLC now owns 170 shares of the technology company’s stock worth $330,000 after buying an additional 18 shares during the period. Arkadios Wealth Advisors bought a new position in Fair Isaac in the third quarter worth approximately $282,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Fair Isaac by 424.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,437 shares of the technology company’s stock valued at $14,454,000 after acquiring an additional 6,018 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Trading Up 1.9 %

NYSE:FICO opened at $1,729.68 on Tuesday. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.51. The firm’s 50 day moving average is $1,910.52 and its 200 day moving average is $1,976.81. The stock has a market capitalization of $42.24 billion, a PE ratio of 79.38, a price-to-earnings-growth ratio of 3.27 and a beta of 1.39.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FICO shares. Wells Fargo & Company lowered their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group raised 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. Robert W. Baird reduced their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. UBS Group lowered 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 report on Monday, January 27th. Finally, Jefferies Financial Group cut their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,078.15.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James M. Wehmann sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the sale, the executive vice president now owns 51,911 shares in the company, valued at approximately $113,954,508.09. This represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,170 shares of company stock worth $27,132,248 over the last quarter. 3.46% of the stock is currently owned by company insiders.

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.