Saturna Capital Corp Buys Shares of 102 Fair Isaac Co. (NYSE:FICO)

Saturna Capital Corp bought a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the fourth quarter, Holdings Channel reports. The fund bought 102 shares of the technology company’s stock, valued at approximately $203,000.

Other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC grew its holdings in Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after buying an additional 18 shares in the last quarter. Berbice Capital Management LLC purchased a new position in shares of Fair Isaac during the fourth quarter worth about $40,000. Meeder Asset Management Inc. grew its holdings in shares of Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Fair Isaac during the fourth quarter worth about $42,000. Finally, Versant Capital Management Inc grew its holdings in shares of Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FICO shares. UBS Group cut 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. JPMorgan Chase & Co. started coverage on Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective for the company. 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. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Finally, Robert W. Baird dropped their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,088.15.

Insider Activity at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the transaction, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the company’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 transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,669 shares of company stock worth $12,235,813 over the last quarter. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,776.70 on Thursday. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.52. The stock has a 50 day moving average price of $1,853.61 and a two-hundred day moving average price of $1,981.09. The company has a market capitalization of $43.38 billion, a P/E ratio of 81.54, a PEG ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current 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.