Voleon Capital Management LP Takes Position in Fair Isaac Co. (NYSE:FICO)

Voleon Capital Management LP acquired a new position in shares of Fair Isaac Co. (NYSE:FICO) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,236 shares of the technology company’s stock, valued at approximately $6,443,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FICO. Rakuten Securities Inc. grew its holdings in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after acquiring an additional 8 shares during the period. Pinnacle Holdings LLC purchased a new stake in Fair Isaac during the fourth quarter worth $26,000. Berbice Capital Management LLC purchased a new stake in Fair Isaac during the fourth quarter worth $40,000. Avalon Trust Co purchased a new stake in Fair Isaac during the fourth quarter worth $40,000. Finally, OFI Invest Asset Management purchased a new stake in Fair Isaac during the fourth quarter worth $42,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 13,058 shares of company stock worth $23,119,030 over the last ninety days. 3.46% of the stock is owned by company insiders.

Fair Isaac Trading Up 0.4 %

NYSE FICO opened at $1,950.51 on Wednesday. The business’s 50-day moving average price is $1,840.79 and its 200 day moving average price is $1,978.31. Fair Isaac Co. has a twelve month low of $1,131.03 and a twelve month high of $2,402.52. The company has a market capitalization of $47.63 billion, a PE ratio of 89.51, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same period in the previous year, the company posted $6.14 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. Equities analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FICO. Wells Fargo & Company decreased their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer reduced their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. UBS Group reduced their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Bank of America began coverage on Fair Isaac in a research report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price objective on the stock. Finally, Robert W. Baird reduced their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $2,276.25.

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.