Merit Financial Group LLC Takes $200,000 Position in Fair Isaac Co. (NYSE:FICO)

Merit Financial Group LLC acquired a new position in shares of Fair Isaac Co. (NYSE:FICO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 172 shares of the technology company’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FICO. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Fair Isaac during the fourth quarter worth about $35,000. Headlands Technologies LLC acquired a new position in Fair Isaac in the 3rd quarter valued at approximately $42,000. Assetmark Inc. bought a new position in shares of Fair Isaac during the third quarter valued at $44,000. KB Financial Partners LLC lifted its holdings in shares of Fair Isaac by 26.2% during the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after purchasing an additional 11 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of Fair Isaac by 28.1% in the fourth quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after purchasing an additional 9 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 2.8 %

NYSE:FICO opened at $1,286.78 on Friday. The firm has a fifty day simple moving average of $1,224.31 and a two-hundred day simple moving average of $1,167.70. Fair Isaac Co. has a 12 month low of $739.61 and a 12 month high of $1,349.75. The stock has a market capitalization of $31.80 billion, a price-to-earnings ratio of 67.55, a PEG ratio of 3.21 and a beta of 1.24.

Insider Activity

In related news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the transaction, the chief executive officer now directly owns 28,638 shares of the company’s stock, valued at approximately $36,081,302.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 24,000 shares of company stock worth $29,011,120 in the last three months. Company insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FICO. Jefferies Financial Group raised their target price on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Barclays lifted their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $1,350.00 target price on shares of Fair Isaac in a research report on Friday, January 26th. Redburn Atlantic began coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective on the stock. Finally, Raymond James lifted their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,224.40.

About Fair Isaac

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.