Bank of Montreal Can Boosts Stake in Fair Isaac Co. (NYSE:FICO)

Bank of Montreal Can increased its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,545 shares of the technology company's stock after buying an additional 3,807 shares during the quarter. Bank of Montreal Can owned 0.10% of Fair Isaac worth $50,858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FICO. Rakuten Securities Inc. raised its stake in shares of Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after purchasing an additional 8 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in Fair Isaac during the fourth quarter worth about $40,000. Avalon Trust Co acquired a new stake in shares of Fair Isaac during the 4th quarter worth approximately $40,000. OFI Invest Asset Management bought a new position in Fair Isaac in the fourth quarter valued at about $42,000. Finally, Versant Capital Management Inc grew its holdings in Fair Isaac by 500.0% during the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock worth $48,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Price Performance

FICO stock traded up $1.35 during mid-day trading on Tuesday, hitting $1,934.09. 39,700 shares of the stock were exchanged, compared to its average volume of 180,597. The business has a fifty day moving average price of $1,816.47 and a 200 day moving average price of $1,982.21. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.52. The stock has a market capitalization of $47.23 billion, a price-to-earnings ratio of 88.76, a PEG ratio of 3.27 and a beta of 1.37.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FICO. Barclays reduced their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. 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 price objective on the stock. Needham & Company LLC reissued a "buy" rating and set a $2,500.00 target price on shares of Fair Isaac in a research note on Friday. Robert W. Baird reduced their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $2,131.86.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at $72,801,401.22. This represents a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 13,058 shares of company stock valued at $23,119,030. 3.46% of the stock is currently owned by 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.