Spire Wealth Management Boosts Stake in Fair Isaac Co. (NYSE:FICO)

Spire Wealth Management raised its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 18.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,276 shares of the technology company's stock after acquiring an additional 978 shares during the quarter. Spire Wealth Management's holdings in Fair Isaac were worth $7,908,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. acquired a new position in Fair Isaac in the 4th quarter valued at $35,000. First Horizon Advisors Inc. grew its position in shares of Fair Isaac by 28.1% during the 4th quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company's stock worth $48,000 after purchasing an additional 9 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Fair Isaac during the fourth quarter worth approximately $50,000. Headlands Technologies LLC bought a new stake in shares of Fair Isaac in the third quarter valued at approximately $42,000. Finally, Assetmark Inc. acquired a new stake in Fair Isaac during the third quarter worth approximately $44,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 8,000 shares of the business's stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the transaction, the chief executive officer now owns 12,638 shares in the company, valued at approximately $14,414,270.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 24,000 shares of company stock worth $29,011,120. Corporate insiders own 3.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on FICO. Redburn Atlantic assumed coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a "neutral" rating and a $1,113.00 price target for the company. Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 price target on shares of Fair Isaac in a research report on Monday, April 22nd. Jefferies Financial Group boosted their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a "buy" rating in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $1,350.00 price target on shares of Fair Isaac in a research note on Friday, January 26th. Finally, Barclays raised their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Fair Isaac presently has an average rating of "Moderate Buy" and a consensus target price of $1,224.40.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded down $0.36 during midday trading on Tuesday, reaching $1,242.27. The company's stock had a trading volume of 163,558 shares, compared to its average volume of 175,423. The firm has a 50 day moving average price of $1,225.18 and a two-hundred day moving average price of $1,163.96. Fair Isaac Co. has a fifty-two week low of $729.54 and a fifty-two week high of $1,349.75. The firm has a market capitalization of $30.70 billion, a price-to-earnings ratio of 65.23, a PEG ratio of 3.21 and a beta of 1.24.

Fair Isaac Company 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.