Alcosta Capital Management Inc. Has $6.53 Million Stock Position in Fair Isaac Co. (NYSE:FICO)

Alcosta Capital Management Inc. lifted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,279 shares of the technology company’s stock after purchasing an additional 9 shares during the period. Fair Isaac accounts for 3.8% of Alcosta Capital Management Inc.’s holdings, making the stock its 13th biggest holding. Alcosta Capital Management Inc.’s holdings in Fair Isaac were worth $6,528,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. lifted its position in shares of Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after purchasing an additional 8 shares during the period. Berbice Capital Management LLC bought a new position in Fair Isaac during the fourth quarter worth $40,000. Avalon Trust Co acquired a new position in Fair Isaac in the fourth quarter valued at $40,000. OFI Invest Asset Management bought a new stake in Fair Isaac during the fourth quarter valued at $42,000. Finally, Versant Capital Management Inc grew its holdings in Fair Isaac by 500.0% during the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after acquiring an additional 20 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

FICO stock opened at $1,681.51 on Friday. The company has a market capitalization of $41.06 billion, a P/E ratio of 77.17, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The business has a 50-day simple moving average of $1,823.53 and a two-hundred day simple moving average of $1,988.91.

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 negative return on equity of 53.40% and a net margin of 30.66%. As a group, sell-side analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. 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. UBS Group cut their price target on 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. Barclays lowered their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a research note on Friday. Robert W. Baird cut their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company decreased 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 research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and an average price target of $2,080.46.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction dated 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 sale, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,241 shares of company stock valued at $18,186,184. Corporate 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.