TD Asset Management Inc. Purchases 1,749 Shares of Fair Isaac Co. (NYSE:FICO)

TD Asset Management Inc. boosted its holdings in Fair Isaac Co. (NYSE:FICO) by 2.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 66,156 shares of the technology company’s stock after buying an additional 1,749 shares during the period. TD Asset Management Inc.’s holdings in Fair Isaac were worth $131,712,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Wealthfront Advisers LLC raised its stake in shares of Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock valued at $292,728,000 after acquiring an additional 144,266 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Fair Isaac in the fourth quarter valued at $261,610,000. Raymond James Financial Inc. bought a new position in Fair Isaac during the 4th quarter worth $199,441,000. FMR LLC lifted its holdings in Fair Isaac by 46.1% during the 3rd 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, National Pension Service grew its position in shares of Fair Isaac by 104.9% in the 4th quarter. National Pension Service now owns 79,248 shares of the technology company’s stock valued at $157,777,000 after buying an additional 40,574 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Steven P. Weber sold 139 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William J. Lansing sold 4,092 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $72,801,401.22. The trade was a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,241 shares of company stock worth $18,186,184 in the last quarter. Insiders own 3.46% of the company’s stock.

Fair Isaac Stock Up 1.3 %

NYSE FICO opened at $1,922.85 on Wednesday. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. The business has a 50 day moving average price of $1,834.60 and a 200-day moving average price of $1,990.58. The company has a market cap of $46.95 billion, a price-to-earnings ratio of 88.24, a P/E/G ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO) last announced 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 net margin of 30.66% and a negative return on equity of 53.40%. On average, equities research analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of recent analyst reports. Robert W. Baird cut their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. UBS Group dropped their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company decreased their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Needham & Company LLC restated a “buy” rating and issued a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group increased their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $2,088.15.

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.