Fair Isaac Co. (NYSE:FICO) Stake Decreased by Valley Forge Capital Management LP

Valley Forge Capital Management LP lessened its position in Fair Isaac Co. (NYSE:FICO) by 3.1% in the fourth quarter, HoldingsChannel reports. The firm owned 784,122 shares of the technology company’s stock after selling 24,671 shares during the quarter. Fair Isaac accounts for approximately 34.4% of Valley Forge Capital Management LP’s holdings, making the stock its biggest holding. Valley Forge Capital Management LP’s holdings in Fair Isaac were worth $1,561,132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. increased its stake in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after purchasing an additional 8 shares in the last quarter. Pinnacle Holdings LLC bought a new position in Fair Isaac during the 4th quarter valued at approximately $26,000. Berbice Capital Management LLC purchased a new position in Fair Isaac during the fourth quarter valued at $40,000. Avalon Trust Co bought a new stake in Fair Isaac in the fourth quarter worth $40,000. Finally, OFI Invest Asset Management bought a new stake in Fair Isaac in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insiders Place Their Bets

In other news, Director Marc F. Mcmorris sold 797 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the sale, the director now owns 242 shares in the company, valued at approximately $505,175. This trade represents a 76.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 5,419 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $2,147.97, for a total transaction of $11,639,849.43. Following the transaction, the chief executive officer now owns 42,730 shares in the company, valued at $91,782,758.10. The trade was a 11.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,933 shares of company stock worth $35,250,629. Company insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays lowered their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Robert W. Baird lifted 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 report on Wednesday, April 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $2,500.00 target price (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Needham & Company LLC raised their price target on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a “buy” rating in a research report on Monday, May 12th. Finally, Raymond James upped their price objective on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,299.31.

Fair Isaac Price Performance

NYSE FICO opened at $2,202.57 on Tuesday. The stock has a market capitalization of $53.61 billion, a price-to-earnings ratio of 101.08, a PEG 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 business’s fifty day moving average price is $1,924.41 and its 200-day moving average price is $1,986.95.

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