Achmea Investment Management B.V. Increases Stock Position in Fair Isaac Co. (NYSE:FICO)

Achmea Investment Management B.V. boosted its stake in Fair Isaac Co. (NYSE:FICO) by 5.9% during the fourth quarter, HoldingsChannel reports. The firm owned 809 shares of the technology company’s stock after buying an additional 45 shares during the period. Achmea Investment Management B.V.’s holdings in Fair Isaac were worth $1,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. raised its stake in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after purchasing an additional 8 shares in the last quarter. True Wealth Design LLC raised its stake in Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in Fair Isaac in the fourth quarter valued at approximately $40,000. Meeder Asset Management Inc. raised its stake 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 purchasing an additional 6 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Fair Isaac in the fourth quarter valued at approximately $42,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $1,802.42 on Friday. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The stock has a market capitalization of $44.01 billion, a price-to-earnings ratio of 82.72, a P/E/G ratio of 3.27 and a beta of 1.41. The company’s 50 day moving average price is $1,845.26 and its 200-day moving average price is $1,980.10.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Oppenheimer lowered their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday, February 5th. Jefferies Financial Group reduced their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group increased 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 report on Thursday, December 5th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,088.15.

Insider Activity at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction 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 owns 2,478 shares in the company, valued at $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value 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 represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,761 shares of company stock worth $19,305,521 over the last quarter. Corporate insiders own 3.46% of the company’s stock.

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.