7,777 Shares in Fair Isaac Co. (NYSE:FICO) Acquired by Square Wave Partners L.P.

Square Wave Partners L.P. bought a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,777 shares of the technology company’s stock, valued at approximately $15,483,000. Fair Isaac makes up about 14.9% of Square Wave Partners L.P.’s portfolio, making the stock its 2nd largest position.

Several other institutional investors have also added to or reduced their stakes in the business. Rakuten Securities Inc. grew its stake in shares of Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after acquiring an additional 8 shares during the period. Pinnacle Holdings LLC bought a new position in shares of Fair Isaac in the fourth quarter worth approximately $26,000. Berbice Capital Management LLC bought a new position in shares of Fair Isaac in the fourth quarter worth approximately $40,000. Avalon Trust Co bought a new stake in shares of Fair Isaac during the 4th quarter valued at $40,000. Finally, OFI Invest Asset Management purchased a new position in shares of Fair Isaac during the 4th quarter valued at $42,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Performance

NYSE FICO opened at $2,199.97 on Monday. The company has a market cap of $53.55 billion, a P/E ratio of 100.96, a P/E/G ratio of 3.27 and a beta of 1.40. The business’s 50 day moving average price is $1,915.89 and its 200-day moving average price is $1,985.45. Fair Isaac Co. has a fifty-two week low of $1,266.72 and a fifty-two week high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted 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. The company had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the company posted $6.14 EPS. As a group, equities analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Activity at Fair Isaac

In other news, EVP Thomas A. Bowers sold 4,077 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 592 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $2,170.34, for a total transaction of $1,284,841.28. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $91,453,786.92. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,933 shares of company stock worth $35,250,629 in the last quarter. 3.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FICO has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Wells Fargo & Company cut their price objective 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. UBS Group lowered their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $2,500.00 price target (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday. Finally, Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,299.31.

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.