Focus Partners Wealth Purchases 10,799 Shares of Fair Isaac Co. (NYSE:FICO)

Focus Partners Wealth increased its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 34.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,101 shares of the technology company's stock after acquiring an additional 10,799 shares during the period. Focus Partners Wealth owned about 0.17% of Fair Isaac worth $83,821,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mechanics Bank Trust Department grew its holdings in Fair Isaac by 5.7% during the fourth quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company's stock valued at $223,000 after purchasing an additional 6 shares during the period. Alpha Cubed Investments LLC grew its holdings in Fair Isaac by 1.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company's stock valued at $942,000 after purchasing an additional 6 shares during the period. Resonant Capital Advisors LLC grew its holdings in Fair Isaac by 2.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company's stock valued at $609,000 after purchasing an additional 6 shares during the period. Mather Group LLC. grew its holdings in Fair Isaac by 5.2% during the fourth quarter. Mather Group LLC. now owns 122 shares of the technology company's stock valued at $243,000 after purchasing an additional 6 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in Fair Isaac by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock valued at $1,236,000 after purchasing an additional 6 shares during the period. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Up 2.1%

Shares of FICO traded up $43.90 during trading hours on Monday, hitting $2,132.12. The company had a trading volume of 182,027 shares, compared to its average volume of 177,237. The firm has a market cap of $51.90 billion, a P/E ratio of 97.85, a P/E/G ratio of 3.27 and a beta of 1.40. The stock's 50 day moving average price is $1,884.47 and its 200 day moving average price is $1,981.07. Fair Isaac Co. has a 52-week low of $1,266.72 and a 52-week high of $2,402.52.

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

Analysts Set New Price Targets

Several research firms have issued reports on FICO. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Robert W. Baird raised their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Wells Fargo & Company cut their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Needham & Company LLC raised their price target on Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a "buy" rating in a report on Monday. Finally, Raymond James raised their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average price target of $2,274.31.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was 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 owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. This represents a 12.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,135 shares of company stock worth $31,505,623 in the last 90 days. Company 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.