Millennium Management LLC Increases Stock Position in Fair Isaac Co. (NYSE:FICO)

Millennium Management LLC lifted its holdings in Fair Isaac Co. (NYSE:FICO) by 663.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,349 shares of the technology company’s stock after buying an additional 94,150 shares during the quarter. Millennium Management LLC owned approximately 0.44% of Fair Isaac worth $215,715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Fair Isaac in the 4th quarter worth about $442,369,000. Wealthfront Advisers LLC lifted its stake in shares of Fair Isaac by 5,217.6% in the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock worth $292,728,000 after buying an additional 144,266 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $261,610,000. Arrowstreet Capital Limited Partnership increased its position in shares of Fair Isaac by 376.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock valued at $321,790,000 after acquiring an additional 127,679 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Fair Isaac in the 4th quarter worth approximately $199,441,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 2,956 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $74,210,495.94. This represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the sale, the executive vice president now directly owns 9,974 shares in the company, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,125 shares of company stock valued at $20,662,201. Corporate insiders own 3.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Bank of America initiated coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price target for the company. Robert W. Baird boosted their target price on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Oppenheimer raised their price target on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Raymond James boosted 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 report on Wednesday, April 30th. Finally, Barclays dropped their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $2,274.31.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $2,132.12 on Tuesday. Fair Isaac Co. has a one year low of $1,266.72 and a one year high of $2,402.52. The stock has a market cap of $51.90 billion, a P/E ratio of 97.85, a P/E/G ratio of 3.27 and a beta of 1.40. The stock’s fifty day moving average is $1,884.47 and its 200 day moving average is $1,981.07.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating the consensus estimate of $7.33 by $0.48. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. During the same period last year, the firm earned $6.14 EPS. The company’s revenue was up 15.0% on a year-over-year basis. Analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

About Fair Isaac

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.