Hsbc Holdings PLC Boosts Stock Position in Fair Isaac Co. (NYSE:FICO)

Hsbc Holdings PLC increased its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,767 shares of the technology company's stock after acquiring an additional 11,455 shares during the period. Hsbc Holdings PLC owned about 0.19% of Fair Isaac worth $93,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock worth $724,122,000 after purchasing an additional 1,977 shares in the last quarter. Barclays PLC increased its stake in Fair Isaac by 24.8% during the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after buying an additional 12,038 shares during the period. Morse Asset Management Inc increased its stake in Fair Isaac by 7.3% during the 3rd quarter. Morse Asset Management Inc now owns 427 shares of the technology company's stock worth $830,000 after buying an additional 29 shares during the period. Anchor Investment Management LLC lifted its holdings in Fair Isaac by 204.0% during the 3rd quarter. Anchor Investment Management LLC now owns 76 shares of the technology company's stock worth $148,000 after buying an additional 51 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in Fair Isaac in the 3rd quarter valued at approximately $290,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Stock Performance

Fair Isaac stock opened at $1,925.39 on Thursday. The company has a market capitalization of $47.01 billion, a P/E ratio of 88.36, a PEG 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. The stock has a 50-day simple moving average of $1,826.47 and a 200-day simple moving average of $1,979.79.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share 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%. As a group, analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Analyst Ratings Changes

FICO has been the topic of a number of recent research reports. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Wells Fargo & Company reduced their price target on 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. Needham & Company LLC reiterated a "buy" rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research note on Friday, April 11th. Bank of America assumed coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price on the stock. Finally, Robert W. Baird decreased their price target on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average target price of $2,210.23.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction dated Tuesday, March 11th. The shares were 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 owns 42,138 shares in the company, valued at approximately $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 13,058 shares of company stock valued at $23,119,030. Insiders own 3.46% of the company's stock.

Fair Isaac 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.

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