Resona Asset Management Co. Ltd. bought a new stake in 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. The fund bought 8,162 shares of the technology company's stock, valued at approximately $16,302,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. grew its holdings in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after buying an additional 8 shares during the last quarter. Berbice Capital Management LLC purchased a new position in shares of Fair Isaac in the 4th quarter valued at approximately $40,000. Avalon Trust Co acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $40,000. OFI Invest Asset Management purchased a new stake in shares of Fair Isaac during the fourth quarter worth approximately $42,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock worth $48,000 after purchasing an additional 20 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
FICO has been the subject of several recent analyst reports. Robert W. Baird reduced 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 note on Wednesday, February 5th. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. 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 target price on the stock. Needham & Company LLC reissued a "buy" rating and issued a $2,500.00 price target on shares of Fair Isaac in a report on Friday. Finally, Wells Fargo & Company decreased 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. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $2,131.86.
View Our Latest Research Report on FICO
Insider Transactions at Fair Isaac
In related news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction 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 approximately $72,801,401.22. This trade represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 13,058 shares of company stock worth $23,119,030 in the last three months. Company insiders own 3.46% of the company's stock.
Fair Isaac Trading Down 0.2 %
Shares of NYSE FICO traded down $3.01 during midday trading on Friday, reaching $1,847.05. 73,495 shares of the stock were exchanged, compared to its average volume of 179,876. The company has a market capitalization of $45.10 billion, a P/E ratio of 84.72, a P/E/G ratio of 3.27 and a beta of 1.37. The stock has a 50 day moving average price of $1,813.00 and a 200-day moving average price of $1,981.82. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52.
Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data 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 net margin of 30.66% and a negative return on equity of 53.40%. On average, analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.
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.
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