Biondo Investment Advisors LLC Has $12.40 Million Stake in Fair Isaac Co. (NYSE:FICO)

Biondo Investment Advisors LLC increased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,228 shares of the technology company’s stock after acquiring an additional 99 shares during the quarter. Fair Isaac comprises 1.7% of Biondo Investment Advisors LLC’s portfolio, making the stock its 19th biggest holding. Biondo Investment Advisors LLC’s holdings in Fair Isaac were worth $12,400,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew 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 last quarter. Advisors Asset Management Inc. increased its position in Fair Isaac by 169.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 113 shares of the technology company’s stock worth $220,000 after buying an additional 71 shares during the period. Cerity Partners LLC lifted its holdings in shares of Fair Isaac by 98.8% during the third quarter. Cerity Partners LLC now owns 1,493 shares of the technology company’s stock worth $2,902,000 after buying an additional 742 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Fair Isaac by 57.6% in the third quarter. Private Trust Co. NA now owns 145 shares of the technology company’s stock valued at $282,000 after acquiring an additional 53 shares during the period. Finally, FMR LLC grew its stake in shares of Fair Isaac by 46.1% in the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after acquiring an additional 65,297 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In related news, CFO Steven P. Weber sold 139 shares of Fair Isaac 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 value of $273,054.38. Following the transaction, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Lansing sold 4,092 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at $72,801,401.22. This represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,241 shares of company stock worth $18,186,184 in the last ninety days. Company insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,834.32 on Friday. The firm has a 50 day simple moving average of $1,828.54 and a 200 day simple moving average of $1,989.42. The company has a market cap of $44.79 billion, a price-to-earnings ratio of 84.18, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.52.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share 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, analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group decreased their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. The Goldman Sachs Group raised their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Oppenheimer decreased their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group cut their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,088.15.

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.