Renaissance Technologies LLC Buys 15,471 Shares of Fair Isaac Co. (NYSE:FICO)

Renaissance Technologies LLC grew its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 82.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,221 shares of the technology company's stock after purchasing an additional 15,471 shares during the period. Renaissance Technologies LLC owned approximately 0.14% of Fair Isaac worth $68,132,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FICO. Donoghue Forlines LLC acquired a new stake in Fair Isaac during the fourth quarter valued at approximately $1,935,000. Czech National Bank increased its holdings in shares of Fair Isaac by 5.7% in the 4th quarter. Czech National Bank now owns 5,280 shares of the technology company's stock valued at $10,512,000 after acquiring an additional 286 shares during the last quarter. Barclays PLC raised its position in shares of Fair Isaac by 24.8% during the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock valued at $117,624,000 after acquiring an additional 12,038 shares in the last quarter. Brighton Jones LLC lifted its stake in Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Fair Isaac in the fourth quarter worth $394,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Up 0.1 %

FICO stock traded up $1.07 during midday trading on Tuesday, hitting $1,933.81. 49,243 shares of the company traded hands, compared to its average volume of 180,626. The business has a 50 day simple moving average of $1,816.47 and a 200-day simple moving average of $1,982.21. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.52. The stock has a market capitalization of $47.22 billion, a price-to-earnings ratio of 88.75, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37.

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Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly 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 net margin of 30.66% and a negative return on equity of 53.40%. Equities research analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a research note on Friday, December 20th. They set a "neutral" rating and a $2,150.00 price objective on the stock. Barclays reduced their price objective on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Oppenheimer dropped their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their price target on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Finally, Bank of America started coverage on shares of Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $2,131.86.

Insider Activity

In other news, CEO William J. Lansing sold 4,092 shares of the business's stock in a transaction that occurred on 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 directly owns 42,138 shares of the company's stock, valued at $72,801,401.22. The trade was a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 13,058 shares of company stock worth $23,119,030. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac 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.