Freemont Management S.A. Purchases 700 Shares of Fair Isaac Co. (NYSE:FICO)

Freemont Management S.A. boosted its position in shares of Fair Isaac Co. (NYSE:FICO) by 100.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,400 shares of the technology company’s stock after buying an additional 700 shares during the period. Fair Isaac makes up about 1.2% of Freemont Management S.A.’s portfolio, making the stock its 26th biggest holding. Freemont Management S.A.’s holdings in Fair Isaac were worth $2,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its position in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after purchasing an additional 8 shares during the period. True Wealth Design LLC raised its position in Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares during the period. Berbice Capital Management LLC purchased a new stake in Fair Isaac during the fourth quarter valued at approximately $40,000. Avalon Trust Co purchased a new stake in Fair Isaac during the fourth quarter valued at approximately $40,000. Finally, OFI Invest Asset Management purchased a new stake in Fair Isaac during the fourth quarter valued at approximately $42,000. 85.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group reduced their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. The Goldman Sachs Group increased their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company reduced their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $2,500.00 price target on shares of Fair Isaac in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and an average price target of $2,088.15.

Fair Isaac Trading Up 2.6 %

Shares of NYSE FICO opened at $1,846.45 on Tuesday. The stock has a market capitalization of $45.09 billion, a PE ratio of 84.74, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. The stock’s fifty day simple moving average is $1,842.79 and its two-hundred day simple moving average is $1,984.72. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. On average, equities analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,241 shares of company stock valued at $18,186,184. 3.46% of the stock is currently owned by corporate insiders.

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.