KLP Kapitalforvaltning AS Takes $27.14 Million Position in Fair Isaac Co. (NYSE:FICO)

KLP Kapitalforvaltning AS bought a new position in Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,630 shares of the technology company’s stock, valued at approximately $27,136,000. KLP Kapitalforvaltning AS owned about 0.06% of Fair Isaac as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First National Bank of Omaha acquired a new position in shares of Fair Isaac in the third quarter worth about $1,576,000. National Bank of Canada FI increased its stake in shares of Fair Isaac by 51.9% in the 3rd quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock valued at $38,514,000 after purchasing an additional 6,768 shares in the last quarter. Donoghue Forlines LLC acquired a new position in Fair Isaac in the 4th quarter worth about $1,935,000. BNP Paribas purchased a new position in Fair Isaac during the third quarter worth approximately $445,000. Finally, Czech National Bank grew its holdings in Fair Isaac by 5.7% in the fourth quarter. Czech National Bank now owns 5,280 shares of the technology company’s stock valued at $10,512,000 after purchasing an additional 286 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at $4,867,832.76. The trade was a 5.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the firm’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 transaction of $10,843,422.30. Following the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $76,026,643.74. This represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,241 shares of company stock worth $18,186,184 in the last three months. 3.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Oppenheimer reduced their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price target on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group decreased their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a research note on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price for the company. Finally, The Goldman Sachs Group upped their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $2,088.15.

Fair Isaac Trading Up 0.2 %

FICO opened at $1,857.48 on Friday. The firm has a market capitalization of $45.36 billion, a PE ratio of 85.24, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.52. The firm’s 50-day moving average price is $1,835.24 and its 200 day moving average price is $1,986.57.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share 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 predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal 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.