Abacus FCF Advisors LLC Purchases Shares of 2,646 Fair Isaac Co. (NYSE:FICO)

Abacus FCF Advisors LLC acquired a new position in Fair Isaac Co. (NYSE:FICO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,646 shares of the technology company's stock, valued at approximately $5,268,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. First National Bank of Omaha bought a new stake in Fair Isaac during the 3rd quarter valued at approximately $1,576,000. National Bank of Canada FI boosted its position in shares of Fair Isaac by 51.9% during the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company's stock valued at $38,514,000 after purchasing an additional 6,768 shares in the last quarter. Donoghue Forlines LLC bought a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $1,935,000. Czech National Bank grew its stake in Fair Isaac by 5.7% in the fourth quarter. Czech National Bank now owns 5,280 shares of the technology company's stock worth $10,512,000 after purchasing an additional 286 shares during the period. Finally, Barclays PLC raised its holdings in Fair Isaac by 24.8% in the third quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after purchasing an additional 12,038 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Price Performance

NYSE FICO traded up $44.70 during trading hours on Friday, hitting $1,894.76. The company's stock had a trading volume of 230,904 shares, compared to its average volume of 181,029. The company has a market cap of $46.27 billion, a P/E ratio of 86.96, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. The company's 50 day simple moving average is $1,814.70 and its two-hundred day simple moving average is $1,982.11. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.52.

Remove Ads

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share 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%. As a group, research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $74,210,495.94. This trade represents a 6.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 13,058 shares of company stock valued at $23,119,030 over the last 90 days. Company insiders own 3.46% of the company's stock.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent research reports. Robert W. Baird reduced their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group cut their price objective on shares of 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. Bank of America began coverage on shares of Fair Isaac in a report on Thursday. They set a "buy" rating and a $2,800.00 target price for the company. JPMorgan Chase & Co. started coverage on Fair Isaac in a research note on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price target on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and set a $2,500.00 price objective on shares of Fair Isaac in a research note on Friday. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average price target of $2,131.86.

Fair Isaac Company 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.