Soltis Investment Advisors LLC Takes Position in Fair Isaac Co. (NYSE:FICO)

Soltis Investment Advisors LLC bought a new position in Fair Isaac Co. (NYSE:FICO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,230 shares of the technology company’s stock, valued at approximately $2,449,000.

A number of other hedge funds have also recently modified their holdings of FICO. Kestra Private Wealth Services LLC increased its position in Fair Isaac by 38.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 299 shares of the technology company’s stock valued at $595,000 after purchasing an additional 83 shares during the period. Clarity Wealth Advisors LLC raised its position in shares of Fair Isaac by 44.0% in the 4th quarter. Clarity Wealth Advisors LLC now owns 422 shares of the technology company’s stock worth $840,000 after purchasing an additional 129 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Fair Isaac in the fourth quarter worth about $74,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Fair Isaac by 2.4% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,869 shares of the technology company’s stock valued at $5,712,000 after acquiring an additional 68 shares in the last quarter. Finally, Telligent Fund LP bought a new position in shares of Fair Isaac during the fourth quarter valued at $2,986,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FICO. UBS Group dropped their target price on shares of 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. 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 research note on Wednesday, February 5th. Robert W. Baird cut their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. Finally, Jefferies Financial Group reduced their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $2,078.15.

Fair Isaac Trading Down 1.5 %

Shares of NYSE:FICO opened at $1,858.97 on Monday. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.51. The firm’s 50-day moving average is $2,018.44 and its 200 day moving average is $1,964.49. The company has a market capitalization of $45.40 billion, a price-to-earnings ratio of 85.31, a PEG ratio of 3.61 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. As a group, equities analysts forecast that Fair Isaac Co. will post 23.91 EPS for the current fiscal year.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. The trade was a 5.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Marc F. Mcmorris sold 520 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the transaction, the director now owns 242 shares in the company, valued at approximately $520,921.94. This represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,660 shares of company stock valued at $24,410,261. 3.46% of the stock is currently owned by company insiders.

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.