Fortis Capital Management LLC Has $5.84 Million Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Fortis Capital Management LLC lifted its position in Fair Isaac Co. (NYSE:FICO) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,935 shares of the technology company’s stock after buying an additional 416 shares during the quarter. Fair Isaac comprises approximately 1.1% of Fortis Capital Management LLC’s holdings, making the stock its 22nd biggest position. Fortis Capital Management LLC’s holdings in Fair Isaac were worth $5,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after purchasing an additional 1,977 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Fair Isaac by 5.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,185 shares of the technology company’s stock valued at $8,134,000 after acquiring an additional 214 shares during the period. Quest Partners LLC acquired a new stake in Fair Isaac during the third quarter worth about $688,000. PNC Financial Services Group Inc. boosted its position in shares of Fair Isaac by 15.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,901 shares of the technology company’s stock worth $5,638,000 after acquiring an additional 381 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Fair Isaac by 169.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 113 shares of the technology company’s stock valued at $220,000 after purchasing an additional 71 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Price Performance

FICO opened at $1,857.48 on Friday. The firm’s fifty day moving average price is $1,835.24 and its two-hundred day moving average price is $1,986.57. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.52. The company has a market capitalization of $45.36 billion, a price-to-earnings ratio of 85.24, a P/E/G ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO) last issued its quarterly 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 negative return on equity of 53.40% and a net margin of 30.66%. As a group, equities analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on FICO. Needham & Company LLC reaffirmed a “buy” rating and set a $2,500.00 price target 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 increased their price target for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. 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 research note on Wednesday, February 5th. The Goldman Sachs Group boosted their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group dropped their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $2,088.15.

Insider Activity

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 12.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,241 shares of company stock valued at $18,186,184 in the last three months. Company insiders own 3.46% of the company’s stock.

Fair Isaac 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.