214 Shares in Fair Isaac Co. (NYSE:FICO) Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the fourth quarter, Holdings Channel reports. The fund acquired 214 shares of the technology company’s stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FICO. KB Financial Partners LLC purchased a new position in shares of Fair Isaac during the second quarter valued at $34,000. Clear Street Markets LLC purchased a new position in Fair Isaac during the 1st quarter valued at about $34,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Fair Isaac in the 4th quarter valued at about $35,000. Headlands Technologies LLC purchased a new stake in shares of Fair Isaac in the third quarter worth approximately $42,000. Finally, Assetmark Inc. acquired a new stake in shares of Fair Isaac during the third quarter worth approximately $44,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FICO has been the topic of several research reports. Raymond James upped their price objective on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Barclays upped their price target on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Jefferies Financial Group lifted their price objective on Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Needham & Company LLC upped their target price on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $1,350.00 price target on shares of Fair Isaac in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,180.45.

Fair Isaac Stock Up 0.1 %

Fair Isaac stock opened at $1,154.25 on Thursday. The stock has a 50-day simple moving average of $1,257.07 and a 200 day simple moving average of $1,136.65. The stock has a market capitalization of $28.68 billion, a price-to-earnings ratio of 64.52, a P/E/G ratio of 2.55 and a beta of 1.21. Fair Isaac Co. has a 12-month low of $686.08 and a 12-month high of $1,349.75.

Fair Isaac (NYSE:FICO) last announced its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $0.11. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. The company had revenue of $382.06 million during the quarter, compared to the consensus estimate of $386.55 million. As a group, sell-side analysts anticipate that Fair Isaac Co. will post 19.95 EPS for the current year.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the sale, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.54% of the company’s stock.

Fair Isaac 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.