Kestra Private Wealth Services LLC Boosts Stake in Fair Isaac Co. (NYSE:FICO)

Kestra Private Wealth Services LLC raised its position in Fair Isaac Co. (NYSE:FICO) by 38.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 299 shares of the technology company’s stock after buying an additional 83 shares during the period. Kestra Private Wealth Services LLC’s holdings in Fair Isaac were worth $595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. International Assets Investment Management LLC boosted its position in Fair Isaac by 189,461.6% in the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after buying an additional 538,071 shares during the last quarter. AustralianSuper Pty Ltd raised its stake in shares of Fair Isaac by 1,270.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock valued at $142,413,000 after purchasing an additional 67,931 shares in the last quarter. FMR LLC raised its stake in shares of Fair Isaac by 46.1% in the 3rd quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after purchasing an additional 65,297 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Fair Isaac by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after purchasing an additional 62,653 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its stake in shares of Fair Isaac by 1,845.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 37,133 shares of the technology company’s stock valued at $72,169,000 after purchasing an additional 35,224 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FICO has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. Wells Fargo & Company cut their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Jefferies Financial Group dropped their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,078.15.

Insider Activity

In other news, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the completion of the transaction, the executive vice president now directly owns 45,395 shares in the company, valued at $107,760,920.75. This trade represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marc F. Mcmorris sold 520 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the transaction, the director now owns 242 shares of the company’s stock, valued at $520,921.94. This trade represents a 68.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,670 shares of company stock worth $35,253,683 over the last three months. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Trading Down 0.4 %

Shares of NYSE:FICO opened at $1,795.33 on Friday. The firm’s 50 day moving average is $1,962.97 and its two-hundred day moving average is $1,969.35. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.51. The firm has a market capitalization of $43.84 billion, a P/E ratio of 82.39, a PEG ratio of 3.61 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Analysts predict that Fair Isaac Co. will post 23.91 EPS for the current year.

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.