Canada Pension Plan Investment Board lifted its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 40.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,736 shares of the technology company's stock after purchasing an additional 1,648 shares during the period. Canada Pension Plan Investment Board's holdings in Fair Isaac were worth $11,420,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in FICO. Rakuten Securities Inc. lifted its position in 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 acquiring an additional 8 shares during the period. Pinnacle Holdings LLC acquired a new stake in Fair Isaac in the 4th quarter valued at about $26,000. Berbice Capital Management LLC acquired a new position in Fair Isaac during the fourth quarter worth about $40,000. Avalon Trust Co acquired a new position in shares of Fair Isaac during the 4th quarter worth approximately $40,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Fair Isaac in the fourth quarter valued at $42,000. 85.75% of the stock is owned by institutional investors and hedge funds.
Fair Isaac Price Performance
Shares of FICO traded up $16.04 during midday trading on Friday, reaching $1,952.85. The stock had a trading volume of 182,409 shares, compared to its average volume of 179,977. The firm's 50 day moving average price is $1,832.51 and its 200-day moving average price is $1,979.44. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. 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 (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, equities analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.
Insider Transactions at Fair Isaac
In other news, CEO William J. Lansing sold 6,010 shares of the business's 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 sale, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 13,058 shares of company stock valued at $23,119,030 over the last three months. Company insiders own 3.46% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on FICO. Jefferies Financial Group cut their price objective 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. Bank of America started coverage on Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Needham & Company LLC reiterated 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 upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Finally, Oppenheimer decreased their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Fair Isaac currently has an average rating of "Moderate Buy" and a consensus target price of $2,210.23.
Read Our Latest Research Report on FICO
About Fair Isaac
(
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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