Fair Isaac Co. (NYSE:FICO) Shares Purchased by Versant Capital Management Inc

Versant Capital Management Inc boosted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 500.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24 shares of the technology company’s stock after acquiring an additional 20 shares during the period. Versant Capital Management Inc’s holdings in Fair Isaac were worth $48,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FICO. Capital Performance Advisors LLP purchased a new stake in Fair Isaac during the 3rd quarter worth about $25,000. True Wealth Design LLC grew its holdings in shares of Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after buying an additional 18 shares in the last quarter. Meeder Asset Management Inc. raised its position 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 buying an additional 6 shares during the last quarter. Covestor Ltd lifted its stake in shares of Fair Isaac by 30.0% during the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after buying an additional 6 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Fair Isaac during the third quarter worth approximately $58,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,970.00 on Tuesday. The company has a market cap of $47.97 billion, a P/E ratio of 96.33, a PEG ratio of 4.05 and a beta of 1.40. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.51. The business’s 50-day simple moving average is $2,183.52 and its 200 day simple moving average is $1,905.48.

Insider Activity

In related news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at approximately $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the transaction, the executive vice president now owns 48,895 shares in the company, valued at $113,456,446.95. This trade represents a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,450 shares of company stock worth $30,985,908 over the last 90 days. Company insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays increased their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Needham & Company LLC raised their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. started coverage on shares of Fair Isaac in a research note on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective for the company. Oppenheimer raised their target price on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Finally, Wells Fargo & Company increased their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,032.46.

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.