Fair Isaac Co. (NYSE:FICO) Shares Acquired by Fred Alger Management LLC

Fred Alger Management LLC boosted its stake in Fair Isaac Co. (NYSE:FICO) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,533 shares of the technology company’s stock after purchasing an additional 181 shares during the period. Fred Alger Management LLC’s holdings in Fair Isaac were worth $9,025,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FICO. Principal Financial Group Inc. lifted its stake in shares of Fair Isaac by 0.5% in 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 during the period. Barclays PLC boosted its position in shares of Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company’s stock worth $117,624,000 after buying an additional 12,038 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock valued at $1,308,460,000 after purchasing an additional 7,466 shares during the last quarter. GAMMA Investing LLC increased its position in Fair Isaac by 36.4% during the fourth quarter. GAMMA Investing LLC now owns 90 shares of the technology company’s stock worth $179,000 after buying an additional 24 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC increased its position in Fair Isaac by 16.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 260 shares of the technology company’s stock worth $518,000 after purchasing an additional 37 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Oppenheimer increased their target price on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Raymond James lifted their price target on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, Barclays cut their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and an average target price of $2,268.54.

Fair Isaac Stock Performance

NYSE:FICO opened at $2,111.21 on Friday. The stock has a market cap of $51.39 billion, a price-to-earnings ratio of 96.89, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 1 year low of $1,240.31 and a 1 year high of $2,402.52. The business has a fifty day moving average of $1,875.08 and a 200-day moving average of $1,979.95.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.33 by $0.48. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same quarter in the prior year, the firm posted $6.14 EPS. Fair Isaac’s revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the sale, the executive vice president now owns 9,974 shares of the company’s stock, valued at approximately $20,517,016.70. This trade represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,135 shares of company stock valued at $31,505,623 over the last quarter. Corporate insiders own 3.46% of the company’s stock.

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.