Treasurer of the State of North Carolina boosted its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,436 shares of the technology company's stock after purchasing an additional 137 shares during the quarter. Treasurer of the State of North Carolina owned 0.05% of Fair Isaac worth $24,759,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. boosted its holdings in shares of Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after buying an additional 8 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in Fair Isaac in the fourth quarter worth $26,000. Berbice Capital Management LLC bought a new stake in Fair Isaac during the 4th quarter valued at $40,000. Avalon Trust Co purchased a new position in Fair Isaac during the fourth quarter worth about $40,000. Finally, OFI Invest Asset Management bought a new stake in Fair Isaac in the 4th quarter worth approximately $42,000. Institutional investors own 85.75% of the company's stock.
Fair Isaac Stock Down 0.2 %
Shares of FICO traded down $3.93 during midday trading on Wednesday, hitting $1,920.00. The company had a trading volume of 53,938 shares, compared to its average volume of 180,841. The company's 50 day moving average price is $1,817.27 and its 200 day moving average price is $1,981.79. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. The stock has a market cap of $46.88 billion, a price-to-earnings ratio of 88.11, a PEG ratio of 3.27 and a beta of 1.37.
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 (EPS) for the quarter, missing the consensus estimate 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 analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.
Analyst Ratings Changes
FICO has been the topic of several research reports. Wells Fargo & Company dropped 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 report on Wednesday, February 5th. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Bank of America started coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective for the company. Jefferies Financial Group cut their price objective on 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. Finally, Needham & Company LLC reissued a "buy" rating and set a $2,500.00 target price on shares of Fair Isaac in a research report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $2,131.86.
View Our Latest Research Report on FICO
Insider Transactions at Fair Isaac
In related news, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $74,210,495.94. This trade represents a 6.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 13,058 shares of company stock valued at $23,119,030. 3.46% of the stock is owned by insiders.
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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