Riverbend Wealth Management LLC Acquires New Position in Fair Isaac Co. (NYSE:FICO)

by · The Cerbat Gem

Riverbend Wealth Management LLC bought a new position in Fair Isaac Co. (NYSE:FICO – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 121 shares of the technology company’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in Fair Isaac by 0.5% in the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock worth $2,031,299,000 after acquiring an additional 5,472 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock worth $1,308,460,000 after purchasing an additional 7,466 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Fair Isaac by 1.0% during the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock valued at $1,251,537,000 after buying an additional 6,510 shares during the last quarter. Principal Financial Group Inc. raised its position in Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after buying an additional 1,977 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Fair Isaac by 5.4% in the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company’s stock worth $506,257,000 after buying an additional 13,133 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Down 7.3 %

Shares of FICO opened at $1,699.88 on Tuesday. The business has a 50-day simple moving average of $1,863.27 and a two-hundred day simple moving average of $1,982.70. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. The stock has a market cap of $41.51 billion, a price-to-earnings ratio of 78.01, a PEG ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO – Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, equities analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP James M. Wehmann sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the completion of the transaction, the executive vice president now owns 51,911 shares of the company’s stock, valued at $113,954,508.09. This represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total value of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares in the company, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,669 shares of company stock worth $18,821,383 in the last three months. Company insiders own 3.46% of the company’s stock.

Analyst Ratings Changes

FICO has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Robert W. Baird cut their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Wells Fargo & Company cut their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, UBS Group lowered their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

Read Our Latest Research Report on Fair Isaac

Fair Isaac Company 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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