AlphaQuest LLC Increases Stake in Fair Isaac Corporation $FICO

AlphaQuest LLC grew its position in shares of Fair Isaac Corporation (NYSE:FICO) by 512.0% in the second quarter, Holdings Channel reports. The institutional investor owned 306 shares of the technology company’s stock after buying an additional 256 shares during the period. AlphaQuest LLC’s holdings in Fair Isaac were worth $559,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of FICO. Brighton Jones LLC raised its position in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after buying an additional 302 shares during the last quarter. GAMMA Investing LLC raised its position in Fair Isaac by 55.6% during the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company’s stock worth $258,000 after buying an additional 50 shares during the last quarter. Perigon Wealth Management LLC raised its position in Fair Isaac by 26.2% during the 1st quarter. Perigon Wealth Management LLC now owns 164 shares of the technology company’s stock worth $302,000 after buying an additional 34 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Fair Isaac by 15.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 581 shares of the technology company’s stock worth $1,071,000 after buying an additional 79 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Fair Isaac by 31.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,433 shares of the technology company’s stock valued at $9,991,000 after purchasing an additional 1,296 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 4,942 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total transaction of $8,062,082.28. Following the sale, the chief executive officer directly owned 43,207 shares of the company’s stock, valued at $70,485,307.38. This trade represents a 10.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 18,032 shares of company stock worth $28,094,085. 3.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Oppenheimer downgraded shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,950.00 price target on shares of Fair Isaac in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,137.43.

Fair Isaac Trading Down 0.9%

Shares of NYSE FICO opened at $1,669.41 on Wednesday. The stock has a market cap of $40.07 billion, a price-to-earnings ratio of 65.29, a PEG ratio of 1.75 and a beta of 1.35. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The company’s 50-day moving average price is $1,573.73 and its 200 day moving average price is $1,682.93.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts’ consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million for the quarter, compared to analysts’ expectations of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm’s revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the company earned $6.25 EPS. As a group, research analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current 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.