Capital World Investors bought a new position in Fair Isaac Co. (NYSE:FICO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,311 shares of the technology company's stock, valued at approximately $8,583,000.
Several other large investors have also added to or reduced their stakes in FICO. Rakuten Securities Inc. lifted its holdings in shares of 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 purchasing an additional 8 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in Fair Isaac during the fourth quarter worth about $26,000. Berbice Capital Management LLC purchased a new position in Fair Isaac in the fourth quarter valued at approximately $40,000. Avalon Trust Co bought a new position in Fair Isaac during the fourth quarter valued at $40,000. Finally, OFI Invest Asset Management bought a new position in shares of Fair Isaac during the 4th quarter worth $42,000. Institutional investors own 85.75% of the company's stock.
Insiders Place Their Bets
In related news, CEO William J. Lansing sold 2,956 shares of Fair Isaac stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $74,210,495.94. The trade was a 6.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 13,058 shares of company stock valued at $23,119,030. 3.46% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
FICO has been the subject of several recent research reports. Jefferies Financial Group reduced their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Needham & Company LLC reissued a "buy" rating and set a $2,500.00 target price on shares of Fair Isaac in a report on Friday, April 11th. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Barclays decreased their price objective on 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. Finally, UBS Group cut their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average target price of $2,210.23.
Check Out Our Latest Research Report on Fair Isaac
Fair Isaac Price Performance
FICO stock traded up $16.04 during midday trading on Friday, reaching $1,952.85. The company had a trading volume of 182,409 shares, compared to its average volume of 180,133. The firm has a 50-day moving average price of $1,829.29 and a 200-day moving average price of $1,979.68. The company has a market capitalization of $47.68 billion, a P/E ratio of 89.62, a P/E/G ratio of 3.27 and a beta of 1.37. 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 net margin of 30.66% and a negative return on equity of 53.40%. On average, equities analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.
Fair Isaac Company Profile
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Free Report)
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.
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