Norges Bank Invests $442.37 Million in Fair Isaac Co. (NYSE:FICO)

Norges Bank purchased a new stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 222,192 shares of the technology company's stock, valued at approximately $442,369,000. Norges Bank owned about 0.91% of Fair Isaac as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of FICO. Blair William & Co. IL grew its stake in shares of Fair Isaac by 42.9% in the fourth quarter. Blair William & Co. IL now owns 2,839 shares of the technology company's stock valued at $5,652,000 after buying an additional 852 shares in the last quarter. NEOS Investment Management LLC lifted its stake in Fair Isaac by 36.3% in the fourth quarter. NEOS Investment Management LLC now owns 863 shares of the technology company's stock valued at $1,718,000 after acquiring an additional 230 shares during the last quarter. UniSuper Management Pty Ltd grew its position in shares of Fair Isaac by 4.7% in the 4th quarter. UniSuper Management Pty Ltd now owns 4,910 shares of the technology company's stock valued at $9,775,000 after acquiring an additional 222 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Fair Isaac by 0.8% during the 4th quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock worth $1,351,073,000 after purchasing an additional 5,371 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Fair Isaac by 7.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,966 shares of the technology company's stock worth $74,651,000 after purchasing an additional 2,512 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FICO has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday, February 5th. Wells Fargo & Company decreased their target price on 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. Oppenheimer cut 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. UBS Group decreased their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. started coverage on shares of Fair Isaac in a report on Friday, December 20th. They set a "neutral" rating and a $2,150.00 target price for the company. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus target price of $2,088.15.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of Fair Isaac stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $72,801,401.22. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven P. Weber sold 139 shares of the stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the transaction, the chief financial officer now directly owns 2,478 shares of the company's stock, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,241 shares of company stock worth $18,186,184 over the last ninety days. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Stock Performance

Shares of NYSE FICO traded up $8.38 during midday trading on Wednesday, reaching $1,876.85. The company's stock had a trading volume of 35,284 shares, compared to its average volume of 176,652. The company has a market cap of $45.83 billion, a P/E ratio of 86.13, a P/E/G ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.52. The business's 50 day moving average price is $1,826.95 and its two-hundred day moving average price is $1,991.73.

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

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.