Spire Wealth Management Purchases 978 Shares of Fair Isaac Co. (NYSE:FICO)

Spire Wealth Management lifted its position in Fair Isaac Co. (NYSE:FICO) by 18.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,276 shares of the technology company’s stock after purchasing an additional 978 shares during the quarter. Spire Wealth Management’s holdings in Fair Isaac were worth $7,908,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cornercap Investment Counsel Inc. purchased a new position in shares of Fair Isaac during the fourth quarter worth approximately $249,000. Patton Fund Management Inc. grew its stake in shares of Fair Isaac by 88.1% during the fourth quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock valued at $5,378,000 after buying an additional 2,164 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Fair Isaac by 289.0% in the fourth quarter. SG Americas Securities LLC now owns 2,338 shares of the technology company’s stock worth $2,721,000 after buying an additional 1,737 shares during the period. abrdn plc boosted its holdings in Fair Isaac by 33.1% during the 4th quarter. abrdn plc now owns 14,524 shares of the technology company’s stock valued at $16,906,000 after acquiring an additional 3,611 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Fair Isaac by 741.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,780 shares of the technology company’s stock valued at $4,152,000 after purchasing an additional 4,212 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price objective on shares of Fair Isaac in a research report on Monday, April 22nd. Jefferies Financial Group raised their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $1,350.00 price objective on shares of Fair Isaac in a report on Friday, January 26th. Finally, Redburn Atlantic started coverage on Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and an average price target of $1,224.40.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the transaction, the chief executive officer now owns 28,638 shares in the company, valued at $36,081,302.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 24,000 shares of company stock valued at $29,011,120. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Stock Down 0.6 %

NYSE:FICO traded down $6.99 during mid-day trading on Tuesday, hitting $1,235.64. 7,388 shares of the company traded hands, compared to its average volume of 173,647. The stock’s fifty day moving average price is $1,225.18 and its 200-day moving average price is $1,163.96. The firm has a market cap of $30.53 billion, a price-to-earnings ratio of 65.23, a price-to-earnings-growth ratio of 3.21 and a beta of 1.24. Fair Isaac Co. has a one year low of $729.54 and a one year high of $1,349.75.

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.