Freemont Management S.A. Increases Stock Position in Fair Isaac Co. (NYSE:FICO)

Freemont Management S.A. grew its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,400 shares of the technology company's stock after purchasing an additional 700 shares during the quarter. Fair Isaac makes up about 1.2% of Freemont Management S.A.'s portfolio, making the stock its 26th largest position. Freemont Management S.A.'s holdings in Fair Isaac were worth $2,787,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FICO. Principal Financial Group Inc. boosted its stake in shares of Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after purchasing an additional 1,977 shares during the last quarter. ING Groep NV bought a new stake in shares of Fair Isaac in the 3rd quarter valued at $1,559,000. CIBC Asset Management Inc boosted its stake in shares of Fair Isaac by 7.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,589 shares of the technology company's stock valued at $6,975,000 after purchasing an additional 257 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Fair Isaac by 1.9% during the 3rd quarter. Natixis Advisors LLC now owns 10,369 shares of the technology company's stock valued at $20,152,000 after acquiring an additional 194 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in shares of Fair Isaac by 5.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,185 shares of the technology company's stock valued at $8,134,000 after acquiring an additional 214 shares during the period. 85.75% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FICO shares. JPMorgan Chase & Co. started coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a "neutral" rating and a $2,150.00 target price on the stock. Jefferies Financial Group dropped their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group boosted their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Wells Fargo & Company dropped their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Finally, Robert W. Baird dropped their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus price target of $2,088.15.

Fair Isaac Price Performance

Shares of FICO stock traded up $4.02 on Friday, hitting $1,857.48. The stock had a trading volume of 215,983 shares, compared to its average volume of 172,175. The business has a 50 day moving average of $1,835.24 and a 200 day moving average of $1,984.50. The stock has a market cap of $45.36 billion, a price-to-earnings ratio of 85.24, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last announced 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 net margin of 30.66% and a negative return on equity of 53.40%. As a group, research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Activity

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

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.