KP Management LLC bought a new stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 950 shares of the technology company's stock, valued at approximately $1,891,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. raised its position in shares of Fair Isaac by 160.0% in the 4th 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. Pinnacle Holdings LLC bought a new position in Fair Isaac in the fourth quarter worth $26,000. Berbice Capital Management LLC purchased a new position in Fair Isaac during the fourth quarter valued at $40,000. Avalon Trust Co bought a new stake in shares of Fair Isaac during the 4th quarter valued at $40,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Fair Isaac in the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 85.75% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on FICO. Barclays cut their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Bank of America began coverage on Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective for the company. Wells Fargo & Company dropped 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 note on Wednesday, February 5th. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Finally, Robert W. Baird lowered their price objective on 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. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,276.25.
View Our Latest Stock Report on FICO
Fair Isaac Price Performance
NYSE:FICO opened at $1,952.85 on Friday. Fair Isaac Co. has a 1 year low of $1,112.65 and a 1 year high of $2,402.52. The firm has a market capitalization of $47.68 billion, a price-to-earnings ratio of 89.62, a PEG ratio of 3.27 and a beta of 1.37. The business has a 50 day simple moving average of $1,832.51 and a 200-day simple moving average of $1,979.14.
Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (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, analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Fair Isaac news, CEO William J. Lansing sold 2,956 shares of the firm'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 transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $74,210,495.94. This trade represents a 6.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 13,058 shares of company stock valued at $23,119,030 in the last 90 days. Company insiders own 3.46% of the company's stock.
About Fair Isaac
(
Free Report)
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.
Further Reading
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