Fair Isaac Co. (NYSE:FICO) Stock Position Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its position in shares of Fair Isaac Co. (NYSE:FICO) by 75.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 441 shares of the technology company’s stock after buying an additional 189 shares during the period. Sequoia Financial Advisors LLC’s holdings in Fair Isaac were worth $513,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Patton Fund Management Inc. lifted its holdings in shares of Fair Isaac by 88.1% in the 4th quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock worth $5,378,000 after purchasing an additional 2,164 shares during the last quarter. SG Americas Securities LLC increased its position in Fair Isaac by 289.0% in the 4th quarter. SG Americas Securities LLC now owns 2,338 shares of the technology company’s stock valued at $2,721,000 after acquiring an additional 1,737 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Fair Isaac by 741.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 4,780 shares of the technology company’s stock valued at $4,152,000 after acquiring an additional 4,212 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Fair Isaac by 72.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,445 shares of the technology company’s stock valued at $6,338,000 after acquiring an additional 2,280 shares during the period. Finally, Comerica Bank increased its position in Fair Isaac by 5.8% in the 3rd quarter. Comerica Bank now owns 13,507 shares of the technology company’s stock valued at $11,731,000 after acquiring an additional 736 shares during the period. Institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on FICO. Barclays raised their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,350.00 price target on shares of Fair Isaac in a research report on Friday, January 26th. Jefferies Financial Group lifted their price target on 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. Needham & Company LLC lifted their price target on Fair Isaac from $1,100.00 to $1,500.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Raymond James lifted their price target on Fair Isaac from $1,214.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,180.45.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $1,259.91, for a total value of $10,079,280.00. Following the completion of the sale, the chief executive officer now owns 28,638 shares of the company’s stock, valued at $36,081,302.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.54% of the stock is currently owned by insiders.

Fair Isaac Stock Up 0.2 %

Shares of Fair Isaac stock opened at $1,152.27 on Wednesday. The stock has a market cap of $28.63 billion, a PE ratio of 64.41, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The business has a fifty day simple moving average of $1,259.59 and a 200-day simple moving average of $1,136.53. Fair Isaac Co. has a 12 month low of $686.08 and a 12 month high of $1,349.75.

Fair Isaac (NYSE:FICO) last issued its earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.76 by $0.11. The business had revenue of $382.06 million during the quarter, compared to analysts’ expectations of $386.55 million. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. Analysts expect that Fair Isaac Co. will post 19.95 EPS for the current fiscal year.

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.