Dimensional Fund Advisors LP Buys 2,359 Shares of Fair Isaac Co. (NYSE:FICO)

Dimensional Fund Advisors LP grew its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,271 shares of the technology company's stock after purchasing an additional 2,359 shares during the period. Dimensional Fund Advisors LP owned about 0.43% of Fair Isaac worth $209,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Fair Isaac during the fourth quarter worth $442,369,000. Wealthfront Advisers LLC boosted its holdings in shares of Fair Isaac by 5,217.6% during the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock valued at $292,728,000 after acquiring an additional 144,266 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Fair Isaac during the 4th quarter worth $261,610,000. Arrowstreet Capital Limited Partnership increased its holdings in Fair Isaac by 376.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock worth $321,790,000 after purchasing an additional 127,679 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Fair Isaac in the fourth quarter valued at about $199,441,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,875.18 on Wednesday. The company has a market cap of $45.79 billion, a P/E ratio of 86.06, a PEG ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.52. The stock has a 50 day simple moving average of $1,823.87 and a two-hundred day simple moving average of $1,980.17.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (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, research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 13,058 shares of company stock worth $23,119,030 in the last three months. Company insiders own 3.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FICO. Oppenheimer reduced their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Needham & Company LLC restated a "buy" rating and issued a $2,500.00 price target on shares of Fair Isaac in a research report on Friday, April 11th. Jefferies Financial Group cut their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. UBS Group lowered 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 report on Monday, January 27th. Finally, Bank of America began coverage on Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $2,210.23.

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.

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