Sumitomo Mitsui Trust Holdings Inc. Raises Stock Position in Fair Isaac Co. (NYSE:FICO)

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Fair Isaac Co. (NYSE:FICO) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,049 shares of the technology company’s stock after buying an additional 105 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Fair Isaac were worth $69,898,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp grew its position in shares of Fair Isaac by 20.3% during the first quarter. State Street Corp now owns 996,863 shares of the technology company’s stock worth $700,484,000 after buying an additional 168,468 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Fair Isaac by 0.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 929,015 shares of the technology company’s stock worth $556,090,000 after buying an additional 5,225 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Fair Isaac by 48.9% during the first quarter. Geode Capital Management LLC now owns 577,240 shares of the technology company’s stock worth $405,140,000 after buying an additional 189,562 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Fair Isaac by 1.0% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 457,738 shares of the technology company’s stock worth $397,560,000 after purchasing an additional 4,584 shares during the period. Finally, Morgan Stanley boosted its holdings in Fair Isaac by 25.0% in the fourth quarter. Morgan Stanley now owns 449,919 shares of the technology company’s stock worth $269,313,000 after purchasing an additional 89,888 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FICO shares. Redburn Atlantic assumed coverage on shares of Fair Isaac in a research note on Tuesday. They set a “neutral” rating and a $1,113.00 price objective on the stock. Raymond James boosted their price target on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Needham & Company LLC boosted their price target on shares of 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. Jefferies Financial Group boosted their price target on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $1,350.00 price target on shares of Fair Isaac in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,180.45.

Fair Isaac Trading Up 0.1 %

Shares of FICO opened at $1,154.25 on Thursday. The business’s 50-day moving average price is $1,257.07 and its 200 day moving average price is $1,136.65. The stock has a market capitalization of $28.68 billion, a P/E ratio of 64.52, a P/E/G ratio of 2.55 and a beta of 1.21. Fair Isaac Co. has a 1-year low of $686.08 and a 1-year high of $1,349.75.

Fair Isaac (NYSE:FICO) last released its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.11. The company had revenue of $382.06 million for the quarter, compared to analysts’ expectations of $386.55 million. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. On average, research analysts predict that Fair Isaac Co. will post 19.95 earnings per share for the current year.

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.