Cerity Partners LLC Acquires 131 Shares of Fair Isaac Co. (NYSE:FICO)

Cerity Partners LLC raised its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 35.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 504 shares of the technology company’s stock after purchasing an additional 131 shares during the period. Cerity Partners LLC’s holdings in Fair Isaac were worth $587,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Eagle Strategies LLC purchased a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $226,000. Sequoia Financial Advisors LLC grew its holdings in shares of Fair Isaac by 75.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 441 shares of the technology company’s stock valued at $513,000 after buying an additional 189 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Fair Isaac by 98.2% during the fourth quarter. Bleakley Financial Group LLC now owns 1,471 shares of the technology company’s stock valued at $1,712,000 after buying an additional 729 shares during the last quarter. Phillips Financial Management LLC purchased a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $260,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Fair Isaac by 2.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,682 shares of the technology company’s stock valued at $8,942,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,193.03 on Thursday. The company has a market capitalization of $29.65 billion, a price-to-earnings ratio of 66.69, a PEG ratio of 2.55 and a beta of 1.21. Fair Isaac Co. has a one year low of $708.00 and a one year high of $1,349.75. The company’s fifty day moving average price is $1,243.37 and its 200-day moving average price is $1,147.33.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 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 the consensus estimate of $386.55 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. Equities research analysts expect that Fair Isaac Co. will post 19.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FICO shares. Royal Bank of Canada restated a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a report on Friday, January 26th. Redburn Atlantic started coverage on shares of Fair Isaac in a report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 target price on the stock. Jefferies Financial Group raised their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a report on Monday. Finally, Raymond James raised their target price on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. One investment 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 currently has an average rating of “Moderate Buy” and a consensus target price of $1,180.45.

Insider Activity

In other news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the sale, the chief executive officer now directly owns 20,638 shares in the company, valued at approximately $25,300,743.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 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.

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.