Biltmore Family Office LLC Acquires Shares of 185 Fair Isaac Co. (NYSE:FICO)

Biltmore Family Office LLC bought a new stake in shares of Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 185 shares of the technology company’s stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in shares of Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after purchasing an additional 1,977 shares during the last quarter. Glenmede Trust Co. NA purchased a new position in Fair Isaac in the 3rd quarter valued at approximately $253,000. Public Sector Pension Investment Board grew its stake in Fair Isaac by 10.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,042 shares of the technology company’s stock worth $2,025,000 after purchasing an additional 100 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Fair Isaac by 9.3% during the third quarter. Captrust Financial Advisors now owns 600 shares of the technology company’s stock worth $1,167,000 after buying an additional 51 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of Fair Isaac in the 3rd quarter valued at $838,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group decreased 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. JPMorgan Chase & Co. started coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a research note on Wednesday, February 5th. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Finally, 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. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $2,088.15.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $1,888.68 on Thursday. The stock has a market cap of $46.12 billion, a price-to-earnings ratio of 86.68, a PEG ratio of 3.27 and a beta of 1.37. The business has a 50 day simple moving average of $1,827.20 and a 200 day simple moving average of $1,991.00. 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 announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 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%. On average, analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Tuesday, February 11th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac 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 transaction of $273,054.38. Following the completion of the transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,241 shares of company stock valued at $18,186,184 in the last 90 days. 3.46% of the stock is currently owned by insiders.

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.