Fair Isaac Co. (NYSE:FICO) Shares Acquired by Suncoast Equity Management

Suncoast Equity Management increased its stake in shares of Fair Isaac Co. (NYSE:FICO) by 10.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,434 shares of the technology company’s stock after buying an additional 138 shares during the quarter. Fair Isaac comprises about 0.3% of Suncoast Equity Management’s holdings, making the stock its 27th largest position. Suncoast Equity Management’s holdings in Fair Isaac were worth $2,855,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in Fair Isaac by 0.5% during the third quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock worth $2,031,299,000 after buying an additional 5,472 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Fair Isaac by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock worth $1,308,460,000 after purchasing an additional 7,466 shares during the last quarter. Geode Capital Management LLC grew its stake in Fair Isaac by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock worth $1,251,537,000 after acquiring an additional 6,510 shares during the period. International Assets Investment Management LLC increased its stake in Fair Isaac by 189,461.6% in the third 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. Finally, Principal Financial Group Inc. lifted its holdings in shares of Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after acquiring an additional 1,977 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP James M. Wehmann sold 3,000 shares of Fair Isaac stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the transaction, the executive vice president now owns 51,911 shares of the company’s stock, valued at approximately $113,954,508.09. The trade was a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was 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 approximately $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,170 shares of company stock valued at $27,132,248 in the last three months. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Trading Down 1.7 %

Shares of Fair Isaac stock opened at $1,724.97 on Friday. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The company’s fifty day simple moving average is $1,928.65 and its 200-day simple moving average is $1,971.56. The company has a market cap of $42.12 billion, a price-to-earnings ratio of 79.16, a PEG ratio of 3.40 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. As a group, research analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FICO has been the subject of a number of research reports. Barclays boosted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Robert W. Baird dropped their price target on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. UBS Group cut their price objective on 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. Finally, Oppenheimer decreased their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,078.15.

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.