Scotia Capital Inc. Makes New Investment in Fair Isaac Co. (NYSE:FICO)

Scotia Capital Inc. bought a new stake in Fair Isaac Co. (NYSE:FICO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 185 shares of the technology company's stock, valued at approximately $368,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Donoghue Forlines LLC purchased a new position in Fair Isaac in the fourth quarter valued at about $1,935,000. Czech National Bank grew its stake in shares of Fair Isaac by 5.7% in the fourth quarter. Czech National Bank now owns 5,280 shares of the technology company's stock valued at $10,512,000 after buying an additional 286 shares in the last quarter. Barclays PLC raised its holdings 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 buying an additional 12,038 shares during the period. Brighton Jones LLC lifted its position in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after acquiring an additional 302 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Fair Isaac in the 4th quarter worth approximately $394,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 13,058 shares of company stock valued at $23,119,030. 3.46% of the stock is currently owned by insiders.

Fair Isaac Price Performance

Shares of FICO stock traded up $7.28 on Friday, hitting $1,907.06. 151,093 shares of the stock traded hands, compared to its average volume of 181,255. The company has a market capitalization of $46.57 billion, a PE ratio of 87.52, a PEG ratio of 3.27 and a beta of 1.37. The company's fifty day moving average is $1,819.18 and its 200 day moving average is $1,980.99. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (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%. As a group, equities research analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FICO. Wells Fargo & Company reduced their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Robert W. Baird cut their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. UBS Group lowered their target price on 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. Needham & Company LLC reiterated a "buy" rating and issued a $2,500.00 price target on shares of Fair Isaac in a research note on Friday, April 11th. Finally, Oppenheimer reduced 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. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and an average price target of $2,210.23.

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.