Bank of Nova Scotia Raises Stake in Fair Isaac Co. (NYSE:FICO)

Bank of Nova Scotia lifted its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 12.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,083 shares of the technology company's stock after acquiring an additional 1,022 shares during the period. Bank of Nova Scotia's holdings in Fair Isaac were worth $18,084,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages have weighed in on FICO. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. 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 research report on Wednesday, February 5th. UBS Group dropped their target price on shares of 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. Wells Fargo & Company reduced their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research report on Friday. Four investment 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 presently has an average rating of "Moderate Buy" and an average target price of $2,131.86.

Remove Ads

Fair Isaac Trading Up 0.0 %

Shares of FICO stock traded up $0.28 during trading on Tuesday, reaching $1,933.02. 46,518 shares of the company's stock traded hands, compared to its average volume of 208,154. 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 capitalization of $47.20 billion, a P/E ratio of 88.71, a PEG ratio of 3.27 and a beta of 1.37. The firm's 50-day moving average is $1,816.47 and its 200 day moving average is $1,982.21.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results 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, sell-side analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 13,058 shares of company stock valued at $23,119,030. Company insiders own 3.46% of the company's stock.

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.