Kovitz Investment Group Partners LLC Invests $1.69 Million in Fair Isaac Co. (NYSE:FICO)

Kovitz Investment Group Partners LLC bought a new position in Fair Isaac Co. (NYSE:FICO - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 849 shares of the technology company's stock, valued at approximately $1,690,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. increased its holdings in Fair Isaac by 160.0% in the fourth 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 stake in Fair Isaac during the fourth quarter worth about $26,000. Berbice Capital Management LLC acquired a new position in shares of Fair Isaac in the fourth quarter worth $40,000. Avalon Trust Co purchased a new stake in Fair Isaac during the 4th quarter worth about $40,000. Finally, OFI Invest Asset Management acquired a new stake in Fair Isaac in the fourth quarter valued at approximately $42,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Price Performance

Shares of NYSE FICO traded up $48.41 during mid-day trading on Friday, reaching $2,050.09. 204,427 shares of the company traded hands, compared to its average volume of 178,675. The firm has a market cap of $50.06 billion, a PE ratio of 94.08, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a fifty-two week low of $1,134.86 and a fifty-two week high of $2,402.52. The stock has a fifty day simple moving average of $1,852.23 and a 200-day simple moving average of $1,977.98.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. The company had revenue of $498.74 million during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.14 EPS. As a group, analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 13,058 shares of company stock worth $23,119,030. 3.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Raymond James raised their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a research note on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and issued a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday. Jefferies Financial Group dropped their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Oppenheimer cut their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Finally, UBS Group cut their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $2,277.46.

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.