FIL Ltd Buys 5,871 Shares of Fair Isaac Co. (NYSE:FICO)

FIL Ltd grew its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 362.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,489 shares of the technology company's stock after purchasing an additional 5,871 shares during the quarter. FIL Ltd's holdings in Fair Isaac were worth $14,910,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in Fair Isaac by 17.5% during the fourth quarter. Bank of Montreal Can now owns 25,545 shares of the technology company's stock worth $50,858,000 after purchasing an additional 3,807 shares during the period. Polymer Capital Management US LLC purchased a new position in Fair Isaac in the fourth quarter valued at $649,000. Cerity Partners LLC raised its position in shares of Fair Isaac by 5.0% during the 4th quarter. Cerity Partners LLC now owns 1,568 shares of the technology company's stock worth $3,093,000 after acquiring an additional 75 shares in the last quarter. Federated Hermes Inc. increased its stake in Fair Isaac by 134.7% in the fourth quarter. Federated Hermes Inc. now owns 20,595 shares of the technology company's stock valued at $41,003,000 after purchasing an additional 11,819 shares during the last quarter. Finally, Alcosta Capital Management Inc. grew its position in shares of Fair Isaac by 0.3% in the 4th quarter. Alcosta Capital Management Inc. now owns 3,279 shares of the technology company's stock valued at $6,528,000 after buying an additional 9 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

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Fair Isaac Trading Down 1.1 %

NYSE FICO traded down $21.02 during trading on Wednesday, reaching $1,902.91. 176,254 shares of the company's stock were exchanged, compared to its average volume of 181,281. The company's fifty day simple moving average is $1,817.27 and its 200-day simple moving average is $1,981.79. The firm has a market capitalization of $46.47 billion, a PE ratio of 87.33, a P/E/G 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.

Fair Isaac (NYSE:FICO - Get Free Report) last posted 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%. Equities analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Activity

In related news, CEO William J. Lansing sold 4,092 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 13,058 shares of company stock valued at $23,119,030. Insiders own 3.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FICO. Oppenheimer reduced their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $2,500.00 price objective on shares of Fair Isaac in a report on Friday, April 11th. JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price target for the company. Barclays dropped their price objective on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Finally, Bank of America started coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price for the company. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $2,131.86.

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.