AXQ Capital LP Buys Shares of 427 Fair Isaac Co. (NYSE:FICO)

AXQ Capital LP bought a new position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 427 shares of the technology company's stock, valued at approximately $850,000.

Several other hedge funds have also modified their holdings of the business. Mizuho Securities USA LLC increased its holdings in Fair Isaac by 45.2% in the fourth quarter. Mizuho Securities USA LLC now owns 2,308 shares of the technology company's stock valued at $4,595,000 after buying an additional 718 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Fair Isaac in the 4th quarter worth approximately $2,803,000. Wayfinding Financial LLC purchased a new position in Fair Isaac in the 4th quarter valued at approximately $232,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Fair Isaac by 3.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 6,567 shares of the technology company's stock worth $13,074,000 after purchasing an additional 237 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in Fair Isaac by 3.1% during the fourth quarter. Whittier Trust Co. now owns 13,456 shares of the technology company's stock worth $26,790,000 after purchasing an additional 404 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Steven P. Weber sold 139 shares of the business's stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the transaction, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. The trade was a 5.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 completion of the sale, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,241 shares of company stock valued at $18,186,184. Company insiders own 3.46% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

FICO has been the subject of several research reports. The Goldman Sachs Group lifted their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research note on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and set a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday, February 5th. UBS Group reduced their price objective on 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 dropped their price objective on 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $2,088.15.

Fair Isaac Price Performance

FICO traded down $35.79 during trading on Wednesday, hitting $1,883.85. The company had a trading volume of 128,960 shares, compared to its average volume of 172,023. The company has a market cap of $46.00 billion, a PE ratio of 86.45, a P/E/G ratio of 3.27 and a beta of 1.41. The business has a 50-day moving average of $1,831.78 and a 200-day moving average of $1,989.83. 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 - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts' consensus estimates 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 forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

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.