Golden State Wealth Management LLC Buys New Stake in Fair Isaac Co. (NYSE:FICO)

Golden State Wealth Management LLC purchased a new position in Fair Isaac Co. (NYSE:FICO) in the 4th quarter, Holdings Channel.com reports. The firm purchased 37 shares of the technology company’s stock, valued at approximately $74,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FICO. International Assets Investment Management LLC lifted its holdings in Fair Isaac by 189,461.6% during the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after purchasing an additional 538,071 shares during the last quarter. AustralianSuper Pty Ltd increased its holdings in shares of Fair Isaac by 1,270.9% during the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after buying an additional 67,931 shares in the last quarter. FMR LLC raised its stake in shares of Fair Isaac by 46.1% in the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after acquiring an additional 65,297 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Fair Isaac by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock worth $468,677,000 after acquiring an additional 62,653 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its position in Fair Isaac by 1,845.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 37,133 shares of the technology company’s stock worth $72,169,000 after acquiring an additional 35,224 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

FICO has been the topic of a number of recent analyst reports. Jefferies Financial Group reduced their price objective on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Barclays upped their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a research report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective for the company. Robert W. Baird reduced their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $2,500.00 price target on shares of Fair Isaac in a report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus target price of $2,078.15.

Insider Activity

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the transaction, the executive vice president now directly owns 48,895 shares in the company, valued at approximately $113,456,446.95. The trade was a 6.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marc F. Mcmorris sold 520 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the completion of the sale, the director now owns 242 shares of the company’s stock, valued at $520,921.94. This trade represents a 68.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,660 shares of company stock valued at $24,410,261 in the last quarter. Company insiders own 3.46% of the company’s stock.

Fair Isaac Trading Down 0.2 %

NYSE:FICO opened at $1,855.53 on Tuesday. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The firm has a market capitalization of $45.31 billion, a price-to-earnings ratio of 85.16, a PEG ratio of 3.61 and a beta of 1.39. The business’s 50-day moving average price is $2,008.91 and its two-hundred day moving average price is $1,966.45.

Fair Isaac (NYSE:FICO) last announced 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%. Sell-side analysts predict that Fair Isaac Co. will post 23.91 earnings per share for the current 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.