Petra Financial Advisors Inc. Takes Position in Fair Isaac Co. (NYSE:FICO)

Petra Financial Advisors Inc. bought a new stake in Fair Isaac Co. (NYSE:FICO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 407 shares of the technology company’s stock, valued at approximately $810,000.

Several other institutional investors also recently modified their holdings of FICO. Wealthfront Advisers LLC grew its holdings in shares of Fair Isaac by 5,217.6% in 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 in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Fair Isaac in the fourth quarter valued at approximately $261,610,000. Raymond James Financial Inc. bought a new position in Fair Isaac during the fourth quarter valued at $199,441,000. FMR LLC grew its holdings in Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after purchasing an additional 65,297 shares during the period. Finally, Jennison Associates LLC grew its holdings in Fair Isaac by 35.1% during the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after purchasing an additional 62,653 shares during the period. 85.75% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,846.45 on Tuesday. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The company has a market capitalization of $45.09 billion, a PE ratio of 84.74, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. The business’s fifty day moving average is $1,842.79 and its 200 day moving average is $1,984.72.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company reduced their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. UBS Group reduced their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a report on Wednesday, February 5th. Finally, Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Four investment 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.