KLP Kapitalforvaltning AS Buys Shares of 13,630 Fair Isaac Co. (NYSE:FICO)

KLP Kapitalforvaltning AS bought a new position in Fair Isaac Co. (NYSE:FICO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,630 shares of the technology company's stock, valued at approximately $27,136,000. KLP Kapitalforvaltning AS owned approximately 0.06% of Fair Isaac at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. grew its position in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after acquiring an additional 8 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock worth $39,000 after purchasing an additional 18 shares in the last quarter. Berbice Capital Management LLC bought a new position in shares of Fair Isaac during the 4th quarter valued at about $40,000. Avalon Trust Co purchased a new position in shares of Fair Isaac during the 4th quarter valued at about $40,000. Finally, OFI Invest Asset Management bought a new stake in Fair Isaac in the 4th quarter worth approximately $42,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded down $14.66 during trading on Thursday, reaching $1,872.34. 88,845 shares of the stock traded hands, compared to its average volume of 171,697. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The business has a fifty day simple moving average of $1,831.78 and a two-hundred day simple moving average of $1,989.83. The company has a market capitalization of $45.72 billion, a price-to-earnings ratio of 85.93, a P/E/G ratio of 3.27 and a beta of 1.41.

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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 for the quarter, missing analysts' consensus estimates 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, research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on FICO shares. Jefferies Financial Group lowered their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Oppenheimer reduced their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. 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 on the stock in a report on Wednesday, February 5th. Finally, UBS Group reduced their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $2,088.15.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the firm's 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. This trade represents a 5.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $76,026,643.74. The trade was a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,241 shares of company stock valued at $18,186,184 in the last three months. Company insiders own 3.46% of the company's stock.

About Fair Isaac

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.