SteelPeak Wealth LLC Takes $219,000 Position in Fair Isaac Co. (NYSE:FICO)

SteelPeak Wealth LLC purchased a new position in shares of Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 110 shares of the technology company’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC increased its position in Fair Isaac by 8.3% in the 4th quarter. Perigon Wealth Management LLC now owns 130 shares of the technology company’s stock valued at $256,000 after acquiring an additional 10 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Fair Isaac in the fourth quarter valued at approximately $1,178,000. Blue Trust Inc. raised its position in Fair Isaac by 16.9% in the 4th quarter. Blue Trust Inc. now owns 421 shares of the technology company’s stock worth $818,000 after purchasing an additional 61 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Fair Isaac during the 4th quarter worth $394,000. Finally, Marshall Financial Group LLC boosted its position in Fair Isaac by 14.9% in the 4th quarter. Marshall Financial Group LLC now owns 193 shares of the technology company’s stock valued at $384,000 after buying an additional 25 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now owns 92 shares of the company’s stock, valued at $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the completion of the sale, the executive vice president now directly owns 48,895 shares in the company, valued at $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,589 shares of company stock worth $31,258,963 over the last ninety days. 3.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FICO shares. UBS Group cut their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Jefferies Financial Group raised their target price on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Robert W. Baird boosted their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC raised their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,087.77.

Fair Isaac Stock Up 0.4 %

FICO opened at $1,874.59 on Friday. The company has a fifty day simple moving average of $2,070.67 and a 200 day simple moving average of $1,951.00. The stock has a market cap of $45.81 billion, a P/E ratio of 91.67, a P/E/G ratio of 3.42 and a beta of 1.40. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.51.

About Fair Isaac

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.