Meridian Wealth Management LLC Purchases 252 Shares of Fair Isaac Co. (NYSE:FICO)

Meridian Wealth Management LLC grew its position in Fair Isaac Co. (NYSE:FICO) by 88.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 537 shares of the technology company’s stock after acquiring an additional 252 shares during the period. Meridian Wealth Management LLC’s holdings in Fair Isaac were worth $1,069,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac in the third quarter valued at approximately $25,000. True Wealth Design LLC increased its holdings in shares of Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Fair Isaac in the fourth quarter valued at approximately $40,000. Meeder Asset Management Inc. increased its holdings in shares of Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FICO. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Wells Fargo & Company lowered their price target on shares of 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. Jefferies Financial Group lowered their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Oppenheimer lowered their target price 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. Finally, Robert W. Baird lowered their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

Insider Activity

In related news, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the sale, the executive vice president now directly owns 45,395 shares of the company’s stock, valued at approximately $107,760,920.75. The trade was a 7.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Marc F. Mcmorris sold 520 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the sale, the director now directly owns 242 shares in the company, valued at $520,921.94. This represents a 68.24 % 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 quarter. Company insiders own 3.46% of the company’s stock.

Fair Isaac Stock Up 0.7 %

Shares of FICO stock opened at $1,877.17 on Wednesday. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52. The firm has a market capitalization of $45.84 billion, a price-to-earnings ratio of 86.15, a price-to-earnings-growth ratio of 3.27 and a beta of 1.39. The firm has a fifty day moving average of $1,883.11 and a 200-day moving average of $1,981.04.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results 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 net margin of 30.66% and a negative return on equity of 53.40%. Research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

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.