Edgestream Partners L.P. Acquires 34 Shares of Fair Isaac Co. (NYSE:FICO)

Edgestream Partners L.P. lifted its holdings in Fair Isaac Co. (NYSE:FICO) by 4.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 805 shares of the technology company’s stock after purchasing an additional 34 shares during the period. Edgestream Partners L.P.’s holdings in Fair Isaac were worth $1,603,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FICO. Proficio Capital Partners LLC bought a new position in shares of Fair Isaac in the 4th quarter worth approximately $261,610,000. Raymond James Financial Inc. bought a new stake in Fair Isaac during the 4th quarter worth approximately $199,441,000. FMR LLC raised its stake 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 acquiring an additional 65,297 shares during the period. Jennison Associates LLC raised its stake in Fair Isaac by 35.1% during 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 during the period. Finally, National Pension Service raised its stake in Fair Isaac by 104.9% during the 4th quarter. National Pension Service now owns 79,248 shares of the technology company’s stock worth $157,777,000 after acquiring an additional 40,574 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

FICO stock opened at $1,699.88 on Tuesday. The firm has a fifty day moving average price of $1,863.27 and a 200 day moving average price of $1,982.70. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.52. The firm has a market cap of $41.51 billion, a PE ratio of 78.01, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO) last posted its 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, equities analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. UBS Group decreased their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Oppenheimer decreased their target price on shares of 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 reiterated a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group reduced their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,088.15.

Insider Activity at Fair Isaac

In other Fair Isaac 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 completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James M. Wehmann sold 3,000 shares of Fair Isaac stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $2,195.19, for a total transaction of $6,585,570.00. Following the transaction, the executive vice president now directly owns 51,911 shares of the company’s stock, valued at $113,954,508.09. The trade was a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,669 shares of company stock valued at $18,821,383. 3.46% of the stock is owned by corporate insiders.

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.