State of Tennessee Department of Treasury Acquires 2,213 Shares of Fair Isaac Co. (NYSE:FICO)

State of Tennessee Department of Treasury increased its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 54.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,275 shares of the technology company's stock after acquiring an additional 2,213 shares during the quarter. State of Tennessee Department of Treasury's holdings in Fair Isaac were worth $12,493,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rakuten Securities Inc. raised its position in shares of Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after buying an additional 8 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in Fair Isaac in the 4th quarter valued at $26,000. Berbice Capital Management LLC acquired a new position in Fair Isaac in the 4th quarter valued at $40,000. Avalon Trust Co bought a new stake in shares of Fair Isaac during the 4th quarter valued at $40,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Fair Isaac during the 4th quarter worth $42,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Trading Up 3.3 %

Shares of FICO stock opened at $1,875.18 on Wednesday. The business's 50-day moving average price is $1,823.87 and its 200-day moving average price is $1,980.17. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.52. The firm has a market capitalization of $45.79 billion, a price-to-earnings ratio of 86.06, a PEG ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its 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 negative return on equity of 53.40% and a net margin of 30.66%. On average, sell-side analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 13,058 shares of company stock worth $23,119,030 over the last three months. Company insiders own 3.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FICO shares. Bank of America began coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective for the company. Jefferies Financial Group reduced their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on shares of 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. Robert W. Baird cut their target price on 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. Finally, Oppenheimer decreased their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.

Want to see what other hedge funds are holding FICO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fair Isaac Co. (NYSE:FICO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.