Legal & General Group Plc decreased its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 24.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 167,044 shares of the technology company's stock after selling 54,547 shares during the quarter. Legal & General Group Plc owned about 0.68% of Fair Isaac worth $332,573,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the business. Rakuten Securities Inc. grew its stake in shares of Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after buying an additional 8 shares in the last quarter. Berbice Capital Management LLC acquired a new position in shares of Fair Isaac in the 4th quarter valued at about $40,000. Avalon Trust Co bought a new stake in shares of Fair Isaac in the 4th quarter worth approximately $40,000. OFI Invest Asset Management bought a new stake in Fair Isaac in the 4th quarter valued at about $42,000. Finally, Versant Capital Management Inc boosted its position in Fair Isaac by 500.0% during the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock worth $48,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.
Insider Activity at Fair Isaac
In other news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 42,138 shares in the company, valued at $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 13,058 shares of company stock worth $23,119,030 over the last ninety days. 3.46% of the stock is owned by corporate insiders.
Fair Isaac Stock Performance
Fair Isaac stock traded up $30.21 during mid-day trading on Monday, reaching $1,918.66. The company's stock had a trading volume of 31,541 shares, compared to its average volume of 180,447. The firm's fifty day moving average price is $1,814.70 and its two-hundred day moving average price is $1,982.11. The company has a market capitalization of $46.85 billion, a P/E ratio of 88.05, a PEG ratio of 3.27 and a beta of 1.37. 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 released its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS 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 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Barclays reduced their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a report on Friday, April 4th. UBS Group reduced their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Robert W. Baird reduced their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Oppenheimer dropped their price target on 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. Finally, Royal Bank of Canada upgraded 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 research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus price target of $2,131.86.
Get Our Latest Stock Analysis on Fair Isaac
Fair Isaac Company Profile
(
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.
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