CANADA LIFE ASSURANCE Co Purchases 1,347 Shares of Fair Isaac Co. (NYSE:FICO)

CANADA LIFE ASSURANCE Co grew its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,753 shares of the technology company's stock after acquiring an additional 1,347 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.10% of Fair Isaac worth $49,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. grew its stake in Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after purchasing an additional 8 shares during the period. Pinnacle Holdings LLC bought a new position in Fair Isaac during the fourth quarter valued at about $26,000. Berbice Capital Management LLC purchased a new stake in Fair Isaac during the fourth quarter worth about $40,000. Avalon Trust Co bought a new stake in Fair Isaac in the fourth quarter worth about $40,000. Finally, OFI Invest Asset Management purchased a new position in Fair Isaac in the fourth quarter valued at about $42,000. Institutional investors own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FICO. Needham & Company LLC restated a "buy" rating and issued a $2,500.00 target price on shares of Fair Isaac in a research note 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 company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Barclays cut their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Bank of America initiated coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target on the stock. Finally, Wells Fargo & Company cut their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,210.23.

Fair Isaac Price Performance

FICO stock traded up $12.93 during midday trading on Thursday, reaching $1,938.99. The company had a trading volume of 67,759 shares, compared to its average volume of 204,762. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The firm has a 50-day moving average price of $1,826.47 and a 200-day moving average price of $1,979.79. The company has a market capitalization of $47.35 billion, a P/E ratio of 88.98, 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 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, equities analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 2,956 shares of the company's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $74,210,495.94. This represents a 6.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 13,058 shares of company stock worth $23,119,030 in the last ninety days. 3.46% of the stock is owned by insiders.

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.