FORA Capital LLC Acquires New Stake in Fair Isaac Co. (NYSE:FICO)

FORA Capital LLC bought a new position in shares of Fair Isaac Co. (NYSE:FICO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 201 shares of the technology company’s stock, valued at approximately $400,000.

Other institutional investors have also added to or reduced their stakes in the company. Nebula Research & Development LLC bought a new position in shares of Fair Isaac in the fourth quarter worth approximately $2,540,000. Donoghue Forlines LLC bought a new position in shares of Fair Isaac in the 4th quarter worth $1,935,000. Czech National Bank raised its position in shares of Fair Isaac by 5.7% during the 4th quarter. Czech National Bank now owns 5,280 shares of the technology company’s stock valued at $10,512,000 after buying an additional 286 shares in the last quarter. Barclays PLC lifted its holdings in shares of Fair Isaac by 24.8% during the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company’s stock worth $117,624,000 after acquiring an additional 12,038 shares during the last quarter. Finally, Brighton Jones LLC grew its position in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after acquiring an additional 302 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were 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 in the company, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the transaction, the executive vice president now owns 9,974 shares of the company’s stock, valued at approximately $20,517,016.70. The trade was a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,135 shares of company stock valued at $31,505,623. Company insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FICO. Robert W. Baird lifted their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 30th. Needham & Company LLC reissued a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a report on Wednesday, April 30th. Oppenheimer upped their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America began coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They set a “buy” rating and a $2,800.00 price target on the stock. Finally, Raymond James upped their price objective on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,268.54.

Fair Isaac Trading Down 0.8 %

Fair Isaac stock opened at $2,089.01 on Friday. The firm has a market cap of $50.85 billion, a P/E ratio of 95.87, a P/E/G ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 1-year low of $1,266.72 and a 1-year high of $2,402.52. The firm has a 50-day moving average of $1,879.31 and a 200-day moving average of $1,980.24.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping analysts’ consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The firm had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same period last year, the company earned $6.14 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. Research analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal 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.