New Century Financial Group LLC Decreases Position in Fair Isaac Co. (NYSE:FICO)

New Century Financial Group LLC trimmed its stake in Fair Isaac Co. (NYSE:FICO) by 49.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 174 shares of the technology company’s stock after selling 168 shares during the period. New Century Financial Group LLC’s holdings in Fair Isaac were worth $342,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Secure Asset Management LLC raised its position in Fair Isaac by 3.2% in the 4th quarter. Secure Asset Management LLC now owns 260 shares of the technology company’s stock worth $518,000 after purchasing an additional 8 shares during the period. Donoghue Forlines LLC purchased a new stake in shares of Fair Isaac in the fourth quarter worth approximately $1,935,000. Barlow Wealth Partners Inc. raised its holdings in shares of Fair Isaac by 2.6% in the fourth quarter. Barlow Wealth Partners Inc. now owns 4,744 shares of the technology company’s stock worth $9,633,000 after buying an additional 121 shares during the period. Simon Quick Advisors LLC lifted its stake in shares of Fair Isaac by 10.2% during the 4th quarter. Simon Quick Advisors LLC now owns 119 shares of the technology company’s stock worth $237,000 after acquiring an additional 11 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in Fair Isaac by 5.3% during the 4th quarter. Atomi Financial Group Inc. now owns 258 shares of the technology company’s stock valued at $514,000 after acquiring an additional 13 shares during the period. Institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of several research analyst reports. Needham & Company LLC lifted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Barclays raised their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,087.77.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,813.88 on Friday. The stock’s 50-day moving average is $2,115.89 and its 200 day moving average is $1,940.96. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The company has a market cap of $44.17 billion, a P/E ratio of 88.70, a PEG ratio of 3.46 and a beta of 1.40.

Insider Activity

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total value 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 approximately $113,456,446.95. This trade represents a 6.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,589 shares of company stock worth $31,258,963. Corporate insiders own 3.54% of the company’s stock.

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.