Allstate Corp Purchases Shares of 724 Fair Isaac Co. (NYSE:FICO)

Allstate Corp purchased a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 724 shares of the technology company’s stock, valued at approximately $1,441,000.

Several other institutional investors have also recently made changes to their positions in FICO. Rakuten Securities Inc. lifted its position in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after purchasing an additional 8 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after acquiring an additional 18 shares during the last quarter. Berbice Capital Management LLC purchased a new position in Fair Isaac in the fourth quarter worth $40,000. Avalon Trust Co bought a new position in Fair Isaac in the fourth quarter valued at $40,000. Finally, OFI Invest Asset Management purchased a new stake in Fair Isaac during the fourth quarter valued at about $42,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,834.32 on Monday. The stock’s 50-day moving average is $1,828.54 and its 200 day moving average is $1,991.86. The company has a market cap of $44.79 billion, a PE ratio of 84.18, a P/E/G ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted 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 net margin of 30.66% and a negative return on equity of 53.40%. Analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FICO has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a research report on Wednesday, February 5th. 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 on the stock in a research report on Wednesday, February 5th. Oppenheimer lowered their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. UBS Group decreased 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 research report on Monday, January 27th. Finally, Wells Fargo & Company cut their price target on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $2,088.15.

Insiders Place Their Bets

In related news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction on Thursday, January 9th. The stock was 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 of the company’s stock, valued at $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at $76,026,643.74. This represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,241 shares of company stock worth $18,186,184. 3.46% of the stock is currently owned by corporate insiders.

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.