Silvercrest Asset Management Group LLC Grows Stake in Fair Isaac Co. (NYSE:FICO)

Silvercrest Asset Management Group LLC lifted its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,174 shares of the technology company's stock after purchasing an additional 164 shares during the period. Silvercrest Asset Management Group LLC's holdings in Fair Isaac were worth $6,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of FICO. Rakuten Securities Inc. lifted its position in shares of Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after buying an additional 8 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in Fair Isaac during the fourth quarter valued at $26,000. Berbice Capital Management LLC acquired a new stake in shares of Fair Isaac in the fourth quarter valued at about $40,000. Avalon Trust Co purchased a new stake in shares of Fair Isaac during the fourth quarter worth about $40,000. Finally, OFI Invest Asset Management acquired a new position in shares of Fair Isaac during the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded down $3.14 during trading hours on Thursday, reaching $1,704.80. 608,824 shares of the company were exchanged, compared to its average volume of 180,404. Fair Isaac Co. has a 1 year low of $1,266.72 and a 1 year high of $2,402.52. The firm has a market cap of $41.50 billion, a PE ratio of 78.24, a PEG ratio of 3.27 and a beta of 1.40. The stock's fifty day moving average is $1,928.18 and its 200 day moving average is $1,985.29.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The business had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same period last year, the business earned $6.14 EPS. The company's revenue was up 15.0% on a year-over-year basis. Research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the transaction, the executive vice president now directly owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William J. Lansing sold 5,419 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $2,147.97, for a total value of $11,639,849.43. Following the transaction, the chief executive officer now directly owns 42,730 shares of the company's stock, valued at approximately $91,782,758.10. This trade represents a 11.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,933 shares of company stock valued at $35,250,629. 3.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays cut their price objective on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Raymond James increased their price objective on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Wells Fargo & Company lowered 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. Bank of America assumed coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price for the company. Finally, UBS Group lowered their price target 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. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2,299.31.

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.