Adage Capital Partners GP L.L.C. Acquires 200 Shares of Fair Isaac Co. (NYSE:FICO)

Adage Capital Partners GP L.L.C. increased its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,800 shares of the technology company's stock after purchasing an additional 200 shares during the period. Adage Capital Partners GP L.L.C. owned 0.09% of Fair Isaac worth $45,393,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Fair Isaac in the 4th quarter worth approximately $442,369,000. Wealthfront Advisers LLC boosted its position in shares of Fair Isaac by 5,217.6% in the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock worth $292,728,000 after buying an additional 144,266 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Fair Isaac during the fourth quarter valued at $261,610,000. Arrowstreet Capital Limited Partnership raised its position in Fair Isaac by 376.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock valued at $321,790,000 after buying an additional 127,679 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Fair Isaac in the 4th quarter worth about $199,441,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded down $11.41 on Monday, hitting $1,940.90. 201,253 shares of the company were exchanged, compared to its average volume of 179,020. Fair Isaac Co. has a one year low of $1,112.65 and a one year high of $2,402.52. The firm has a market capitalization of $47.39 billion, a price-to-earnings ratio of 89.07, a PEG ratio of 3.27 and a beta of 1.37. The company's 50 day moving average price is $1,832.51 and its two-hundred day moving average price is $1,979.12.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly 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 negative return on equity of 53.40% and a net margin of 30.66%. Research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays cut their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Jefferies Financial Group dropped 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 note on Wednesday, February 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research note on Friday, April 11th. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, Robert W. Baird lowered their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2,276.25.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 13,058 shares of company stock valued at $23,119,030. Corporate insiders own 3.46% 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.