Royal Bank of Canada Acquires 7,853 Shares of Fair Isaac Co. (NYSE:FICO)

Royal Bank of Canada lifted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 8.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 97,295 shares of the technology company’s stock after purchasing an additional 7,853 shares during the period. Royal Bank of Canada owned about 0.40% of Fair Isaac worth $193,708,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FICO. Raiffeisen Bank International AG purchased a new stake in Fair Isaac during the 4th quarter valued at $282,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Fair Isaac during the 4th quarter valued at $125,000. Point72 Hong Kong Ltd purchased a new stake in Fair Isaac during the 4th quarter valued at $4,824,000. ProShare Advisors LLC boosted its position in Fair Isaac by 10.2% during the 4th quarter. ProShare Advisors LLC now owns 4,842 shares of the technology company’s stock valued at $9,640,000 after buying an additional 449 shares during the period. Finally, Quantinno Capital Management LP boosted its position in Fair Isaac by 10.9% during the 4th quarter. Quantinno Capital Management LP now owns 3,422 shares of the technology company’s stock valued at $6,813,000 after buying an additional 337 shares during the period. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In related news, Director Marc F. Mcmorris sold 797 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the sale, the director now directly owns 242 shares of the company’s stock, valued at approximately $505,175. This represents a 76.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 4,092 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $72,801,401.22. This trade represents a 8.85% 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 three months. 3.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FICO. Robert W. Baird increased their price target on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the company a “neutral” rating in a research report on Wednesday, April 30th. Wells Fargo & Company decreased 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. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Needham & Company LLC upped their price objective on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a “buy” rating in a report on Monday, May 12th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $2,500.00 price objective (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,299.31.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $2,199.97 on Friday. The company has a 50-day moving average of $1,915.89 and a 200 day moving average of $1,985.51. The firm has a market cap of $53.55 billion, a price-to-earnings ratio of 100.96, 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.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.33 by $0.48. The company had revenue of $498.74 million during 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%. Fair Isaac’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $6.14 EPS. On average, equities analysts anticipate 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.