Fair Isaac Co. (NYSE:FICO) Shares Acquired by Vestcor Inc

Vestcor Inc lifted its position in shares of Fair Isaac Co. (NYSE:FICO) by 34.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,975 shares of the technology company’s stock after acquiring an additional 2,545 shares during the quarter. Vestcor Inc’s holdings in Fair Isaac were worth $19,860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FICO. Wealthfront Advisers LLC grew its position in Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock worth $292,728,000 after buying an additional 144,266 shares during the period. Proficio Capital Partners LLC acquired a new position in Fair Isaac during the fourth quarter worth about $261,610,000. Raymond James Financial Inc. acquired a new position in Fair Isaac during the fourth quarter worth about $199,441,000. FMR LLC grew its position in Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after buying an additional 65,297 shares during the period. Finally, Jennison Associates LLC grew its position in Fair Isaac by 35.1% during the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock worth $468,677,000 after buying an additional 62,653 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Up 3.1 %

Fair Isaac stock opened at $1,776.70 on Thursday. The firm has a fifty day moving average of $1,853.61 and a 200-day moving average of $1,981.09. The firm has a market capitalization of $43.38 billion, a P/E ratio of 81.54, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52.

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 analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. On average, research analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Marc F. Mcmorris sold 520 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the transaction, the director now directly owns 242 shares in the company, valued at $520,921.94. This represents a 68.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,669 shares of company stock worth $12,235,813 in the last ninety days. 3.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FICO. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $2,500.00 price target on shares of Fair Isaac in a report on Wednesday, February 5th. Robert W. Baird reduced their price target on shares of 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. 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 on the stock in a report on Wednesday, February 5th. Finally, Oppenheimer reduced their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,088.15.

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.