Westpac Banking Corp Grows Holdings in Fair Isaac Co. (NYSE:FICO)

Westpac Banking Corp grew its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 472.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 555 shares of the technology company's stock after purchasing an additional 458 shares during the quarter. Westpac Banking Corp's holdings in Fair Isaac were worth $1,105,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FICO. Vanguard Group Inc. raised its position in Fair Isaac by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock valued at $5,781,051,000 after purchasing an additional 22,178 shares in the last quarter. State Street Corp increased its stake in shares of Fair Isaac by 0.5% during the third quarter. State Street Corp now owns 1,045,165 shares of the technology company's stock valued at $2,031,299,000 after buying an additional 5,472 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Fair Isaac by 0.8% in the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock valued at $1,351,073,000 after acquiring an additional 5,371 shares in the last quarter. Geode Capital Management LLC lifted its stake in Fair Isaac by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock worth $1,318,630,000 after acquiring an additional 17,656 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock worth $724,122,000 after acquiring an additional 1,977 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price target for the company. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Needham & Company LLC reiterated a "buy" rating and issued a $2,500.00 price target on shares of Fair Isaac in a report on Wednesday, February 5th. Barclays decreased 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 note on Friday, April 4th. Finally, Oppenheimer cut 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 note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and an average price target of $2,080.46.

Insider Activity

In other news, CFO Steven P. Weber sold 139 shares of the company's stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total value of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares of the company's stock, valued at $4,867,832.76. This represents a 5.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,241 shares of company stock valued at $18,186,184. Company insiders own 3.46% of the company's stock.

Fair Isaac Stock Up 10.1 %

Shares of Fair Isaac stock traded up $170.02 during midday trading on Wednesday, hitting $1,847.13. The company had a trading volume of 306,114 shares, compared to its average volume of 180,229. The stock has a market cap of $45.10 billion, a price-to-earnings ratio of 84.77, a PEG ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52. The company has a fifty day simple moving average of $1,812.43 and a 200 day simple moving average of $1,982.25.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate 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, analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

Fair Isaac Company 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.