Laird Norton Wetherby Wealth Management LLC Acquires 29 Shares of Fair Isaac Co. (NYSE:FICO)

Laird Norton Wetherby Wealth Management LLC increased its holdings in Fair Isaac Co. (NYSE:FICO) by 10.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 301 shares of the technology company’s stock after buying an additional 29 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Fair Isaac were worth $599,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Fair Isaac in the 4th quarter worth $442,369,000. Wealthfront Advisers LLC boosted its stake in shares of Fair Isaac by 5,217.6% in the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock worth $292,728,000 after acquiring an additional 144,266 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Fair Isaac in the fourth quarter worth about $261,610,000. Arrowstreet Capital Limited Partnership raised its stake in Fair Isaac by 376.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock valued at $321,790,000 after purchasing an additional 127,679 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Fair Isaac during the 4th quarter valued at approximately $199,441,000. Institutional investors own 85.75% of the company’s stock.

Insider Activity

In related news, EVP Thomas A. Bowers sold 4,077 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the transaction, the executive vice president now owns 9,974 shares of the company’s stock, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 4,092 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $72,801,401.22. This represents a 8.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,933 shares of company stock valued at $35,250,629. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $2,185.09 on Friday. Fair Isaac Co. has a 1-year low of $1,266.72 and a 1-year high of $2,402.52. The business’s 50 day moving average is $1,906.33 and its two-hundred day moving average is $1,984.43. The stock has a market capitalization of $53.19 billion, a P/E ratio of 100.28, a PEG ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO) last released its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating 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 revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.14 EPS. As a group, equities research analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FICO has been the subject of several recent analyst reports. Raymond James upped their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. UBS Group dropped their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Robert W. Baird lifted their price target on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Jefferies Financial Group reissued a “buy” rating and set a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a report on Wednesday. Finally, Bank of America started coverage on Fair Isaac in a report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2,299.31.

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.