Intech Investment Management LLC Boosts Stock Position in Fair Isaac Co. (NYSE:FICO)

Intech Investment Management LLC lifted its position in Fair Isaac Co. (NYSE:FICO) by 23.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,702 shares of the technology company’s stock after buying an additional 5,494 shares during the quarter. Fair Isaac makes up 1.7% of Intech Investment Management LLC’s investment portfolio, making the stock its 13th largest holding. Intech Investment Management LLC owned approximately 0.12% of Fair Isaac worth $57,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rakuten Securities Inc. boosted its position in shares of Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after purchasing an additional 8 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Fair Isaac by 900.0% during the 3rd 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 valued at approximately $40,000. Avalon Trust Co purchased a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $40,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Fair Isaac by 37.5% during 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 during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FICO has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. Oppenheimer dropped their price target on 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 reaffirmed a “buy” rating and set a $2,500.00 target price on shares of Fair Isaac in a research note on Wednesday, February 5th. Jefferies Financial Group lowered 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. Finally, Robert W. Baird lowered their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $2,088.15.

Insiders Place Their Bets

In related news, CFO Steven P. Weber sold 139 shares of the stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction on 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,241 shares of company stock worth $18,186,184. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

FICO opened at $1,846.45 on Tuesday. The business has a fifty day simple moving average of $1,842.79 and a 200 day simple moving average of $1,984.72. The company has a market capitalization of $45.09 billion, a PE ratio of 84.74, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted 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%. Equities analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

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.