Johnson Investment Counsel Inc. decreased its position in Fair Isaac Co. (NYSE:FICO – Free Report) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,200 shares of the technology company’s stock after selling 88 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Fair Isaac were worth $2,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in the company. First National Bank of Omaha purchased a new position in shares of Fair Isaac in the 3rd quarter worth approximately $1,576,000. National Bank of Canada FI increased its position in shares of Fair Isaac by 51.9% during the 3rd quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock valued at $38,514,000 after purchasing an additional 6,768 shares during the last quarter. Donoghue Forlines LLC bought a new position in shares of Fair Isaac during the 4th quarter valued at approximately $1,935,000. BNP Paribas bought a new position in shares of Fair Isaac during the 3rd quarter valued at approximately $445,000. Finally, Czech National Bank increased its position in shares of Fair Isaac by 5.7% during the 4th quarter. Czech National Bank now owns 5,280 shares of the technology company’s stock valued at $10,512,000 after purchasing an additional 286 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on FICO. Needham & Company LLC reissued a “buy” rating and set a $2,500.00 target price on shares of Fair Isaac in a research report on Wednesday, February 5th. Oppenheimer cut their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. UBS Group cut their target price on 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. JPMorgan Chase & Co. started coverage on Fair Isaac in a research note on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target for the company. Finally, Jefferies Financial Group decreased their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.
Insider Buying and Selling
In related news, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the transaction, the chief executive officer now 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James M. Wehmann sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 51,911 shares of the company’s stock, valued at $113,954,508.09. This trade represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,669 shares of company stock valued at $18,821,383 over the last quarter. 3.46% of the stock is owned by corporate insiders.
Fair Isaac Stock Up 1.6 %
Shares of NYSE:FICO opened at $1,722.12 on Wednesday. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The stock has a market cap of $42.05 billion, a P/E ratio of 79.03, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. The business’s 50 day moving average is $1,857.90 and its 200 day moving average is $1,982.53.
Fair Isaac (NYSE:FICO – Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (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, sell-side analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal 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.
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