North Forty Two & Co. Acquires New Position in Fair Isaac Co. (NYSE:FICO)

North Forty Two & Co. bought a new position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 250 shares of the technology company's stock, valued at approximately $498,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp increased its stake in Fair Isaac by 0.5% in the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company's stock valued at $2,031,299,000 after purchasing an additional 5,472 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock valued at $1,308,460,000 after buying an additional 7,466 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Fair Isaac by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company's stock worth $1,251,537,000 after buying an additional 6,510 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock worth $724,122,000 after buying an additional 1,977 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Fair Isaac by 5.4% in the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company's stock worth $506,257,000 after buying an additional 13,133 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FICO shares. Robert W. Baird cut their target price on shares of 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. Jefferies Financial Group cut their price objective on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Needham & Company LLC reiterated a "buy" rating and set a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday, February 5th. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research report on Friday, December 20th. They set a "neutral" rating and a $2,150.00 price target for the company. Finally, Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their price objective 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 nine have given a buy rating to the company. According to MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average target price of $2,088.15.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 4,092 shares of Fair Isaac stock in a transaction 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 transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven P. Weber sold 139 shares of the company's stock in a transaction on 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 sale, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,241 shares of company stock worth $18,186,184 over the last three months. 3.46% of the stock is owned by insiders.

Fair Isaac Trading Up 0.2 %

Shares of NYSE FICO traded up $4.02 on Friday, reaching $1,857.48. 215,983 shares of the company traded hands, compared to its average volume of 172,041. The company has a 50 day moving average of $1,835.24 and a 200 day moving average of $1,986.57. 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 market capitalization of $45.36 billion, a PE ratio of 85.24, a P/E/G ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. As a group, research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Fair Isaac Company 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.