Candriam S.C.A. Acquires 5,510 Shares of Fair Isaac Co. (NYSE:FICO)

Candriam S.C.A. raised its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 233.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,871 shares of the technology company's stock after purchasing an additional 5,510 shares during the period. Candriam S.C.A.'s holdings in Fair Isaac were worth $15,671,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FICO. QRG Capital Management Inc. grew its stake in shares of Fair Isaac by 13.9% during the third quarter. QRG Capital Management Inc. now owns 327 shares of the technology company's stock valued at $636,000 after buying an additional 40 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Fair Isaac by 6.6% during the third quarter. Concurrent Investment Advisors LLC now owns 337 shares of the technology company's stock valued at $655,000 after buying an additional 21 shares during the last quarter. Graypoint LLC bought a new position in shares of Fair Isaac during the third quarter valued at about $292,000. Principal Financial Group Inc. grew its stake in shares of Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after buying an additional 1,977 shares during the last quarter. Finally, Portside Wealth Group LLC grew its stake in shares of Fair Isaac by 11.2% during the third quarter. Portside Wealth Group LLC now owns 239 shares of the technology company's stock valued at $465,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

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Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred on Thursday, January 9th. The shares were 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 directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of Fair Isaac 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 transaction of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares of the company's stock, 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. In the last three months, insiders have sold 9,670 shares of company stock valued at $18,823,773. 3.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. 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 note on Monday, January 27th. Jefferies Financial Group reduced their price objective on 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. The Goldman Sachs Group raised their target price 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. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. began 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $2,088.15.

Fair Isaac Trading Up 1.1 %

Fair Isaac stock traded up $19.13 during trading hours on Friday, hitting $1,835.64. 213,628 shares of the stock traded hands, compared to its average volume of 173,087. The firm's 50-day moving average price is $1,869.55 and its two-hundred day moving average price is $1,982.96. The company has a market cap of $44.82 billion, a PE ratio of 84.24, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted 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%. On average, sell-side analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

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.