First Citizens Bank & Trust Co. Buys Shares of 504 Fair Isaac Co. (NYSE:FICO)

First Citizens Bank & Trust Co. bought a new stake in Fair Isaac Co. (NYSE:FICOFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 504 shares of the technology company’s stock, valued at approximately $587,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in shares of Fair Isaac by 42.0% during the fourth quarter. Fifth Third Bancorp now owns 240 shares of the technology company’s stock worth $279,000 after buying an additional 71 shares during the period. Pinnacle Associates Ltd. acquired a new position in shares of Fair Isaac during the fourth quarter worth about $204,000. Quent Capital LLC boosted its position in shares of Fair Isaac by 16.0% during the fourth quarter. Quent Capital LLC now owns 210 shares of the technology company’s stock worth $244,000 after buying an additional 29 shares during the period. Blue Trust Inc. boosted its position in shares of Fair Isaac by 161.5% during the fourth quarter. Blue Trust Inc. now owns 238 shares of the technology company’s stock worth $277,000 after buying an additional 147 shares during the period. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Fair Isaac during the fourth quarter worth about $35,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on FICO. Jefferies Financial Group upped their price objective 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,350.00 target price on shares of Fair Isaac in a report on Friday, January 26th. Needham & Company LLC upped their target price on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Raymond James upped their target price on Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Barclays upped their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $1,187.20.

Read Our Latest Report on Fair Isaac

Insider Activity

In other 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 value of $10,079,280.00. Following the transaction, the chief executive officer now owns 28,638 shares of the company’s stock, valued at $36,081,302.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other 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 value of $10,079,280.00. Following the transaction, the chief executive officer now owns 28,638 shares of the company’s stock, valued at $36,081,302.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven P. Weber sold 136 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $1,159.66, for a total value of $157,713.76. Following the sale, the chief financial officer now directly owns 1,935 shares in the company, valued at approximately $2,243,942.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,136 shares of company stock valued at $20,044,434. 3.54% of the stock is owned by insiders.

Fair Isaac Stock Down 0.6 %

NYSE:FICO opened at $1,247.29 on Wednesday. The stock’s 50 day moving average price is $1,267.22 and its two-hundred day moving average price is $1,114.65. The firm has a market capitalization of $31.00 billion, a price-to-earnings ratio of 69.72, a P/E/G ratio of 3.60 and a beta of 1.21. Fair Isaac Co. has a 12-month low of $664.41 and a 12-month high of $1,349.75.

Fair Isaac (NYSE:FICOGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.11. The firm had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. Equities research analysts expect that Fair Isaac Co. will post 20.01 EPS for the current year.

Fair Isaac Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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