Skandinaviska Enskilda Banken AB publ Grows Stock Position in Fair Isaac Co. (NYSE:FICO)

Skandinaviska Enskilda Banken AB publ boosted its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 143.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,050 shares of the technology company's stock after acquiring an additional 8,873 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.06% of Fair Isaac worth $30,305,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC raised its holdings 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 worth $292,728,000 after purchasing an additional 144,266 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Fair Isaac during the fourth quarter worth approximately $261,610,000. Raymond James Financial Inc. acquired a new stake in Fair Isaac during the fourth quarter worth approximately $199,441,000. FMR LLC raised its holdings in Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company's stock worth $402,358,000 after purchasing an additional 65,297 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Fair Isaac by 35.1% during the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company's stock worth $468,677,000 after purchasing an additional 62,653 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $76,026,643.74. The trade was a 12.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the business's stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,241 shares of company stock worth $18,186,184. Corporate insiders own 3.46% of the company's stock.

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Fair Isaac Stock Down 1.8 %

NYSE:FICO traded down $34.14 during midday trading on Tuesday, reaching $1,811.71. The stock had a trading volume of 131,334 shares, compared to its average volume of 219,377. The firm has a fifty day simple moving average of $1,842.79 and a two-hundred day simple moving average of $1,984.72. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.51. The stock has a market cap of $44.24 billion, a P/E ratio of 83.14, a P/E/G ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, sell-side analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. 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. The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Needham & Company LLC restated a "buy" rating and set a $2,500.00 target price on shares of Fair Isaac in a research report on Wednesday, February 5th. Oppenheimer lowered their target price on shares of 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, UBS Group lowered their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,088.15.

Fair Isaac Company Profile

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.