Worldquant Millennium Advisors LLC Invests $49.19 Million in Fair Isaac Co. (NYSE:FICO)

Worldquant Millennium Advisors LLC purchased a new position in Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,705 shares of the technology company’s stock, valued at approximately $49,186,000. Worldquant Millennium Advisors LLC owned approximately 0.10% of Fair Isaac at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Fair Isaac by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company’s stock worth $5,781,051,000 after buying an additional 22,178 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Fair Isaac by 0.8% in the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company’s stock worth $1,351,073,000 after buying an additional 5,371 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fair Isaac by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company’s stock worth $1,318,630,000 after buying an additional 17,656 shares in the last quarter. Jennison Associates LLC increased its position in shares of Fair Isaac by 5.4% in the fourth quarter. Jennison Associates LLC now owns 254,282 shares of the technology company’s stock worth $506,257,000 after purchasing an additional 13,133 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Fair Isaac by 20.1% in the fourth quarter. Northern Trust Corp now owns 254,201 shares of the technology company’s stock worth $506,096,000 after purchasing an additional 42,588 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fair Isaac

In other news, Director Marc F. Mcmorris sold 797 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 242 shares in the company, valued at approximately $505,175. This trade represents a 76.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 4,092 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $72,801,401.22. This represents a 8.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,933 shares of company stock worth $35,250,629. Insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FICO. UBS Group decreased their price objective on shares of 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. Barclays decreased their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. Oppenheimer upped their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. 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 research report on Wednesday, May 14th. Finally, 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 research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $2,299.31.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $2,202.57 on Tuesday. Fair Isaac Co. has a one year low of $1,266.72 and a one year high of $2,402.52. The firm’s 50 day simple moving average is $1,924.41 and its two-hundred day simple moving average is $1,986.95. The stock has a market capitalization of $53.61 billion, a P/E ratio of 101.08, a PEG ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO) last issued its 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. 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 analysts’ expectations of $500.45 million. During the same quarter last year, the business earned $6.14 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis. As a group, equities analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal 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.