Federated Hermes Inc. Buys 11,819 Shares of Fair Isaac Co. (NYSE:FICO)

Federated Hermes Inc. grew its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 134.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,595 shares of the technology company's stock after acquiring an additional 11,819 shares during the period. Federated Hermes Inc. owned about 0.08% of Fair Isaac worth $41,003,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Fair Isaac in the 4th quarter valued at approximately $442,369,000. Wealthfront Advisers LLC increased its stake in Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock valued at $292,728,000 after purchasing an additional 144,266 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Fair Isaac during the fourth quarter valued at $261,610,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Fair Isaac by 376.1% during the fourth 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 during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Fair Isaac in the 4th quarter valued at about $199,441,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded up $44.70 on Friday, hitting $1,894.76. The company had a trading volume of 230,904 shares, compared to its average volume of 181,029. 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 cap of $46.27 billion, a PE ratio of 86.96, a PEG ratio of 3.27 and a beta of 1.37. The business has a 50-day simple moving average of $1,814.70 and a 200-day simple moving average of $1,982.11.

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

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 2,956 shares of Fair Isaac stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $74,210,495.94. The trade was a 6.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 13,058 shares of company stock worth $23,119,030. 3.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FICO shares. Robert W. Baird dropped their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. UBS Group reduced their price objective 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. Oppenheimer dropped their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Finally, Barclays reduced their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,131.86.

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.