United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Fair Isaac Co. (NYSE:FICO – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 400 shares of the technology company’s stock, valued at approximately $796,000.
Other large investors have also recently made changes to their positions in the company. Mechanics Bank Trust Department raised its holdings in shares of Fair Isaac by 5.7% in the 4th quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock valued at $223,000 after acquiring an additional 6 shares in the last quarter. Alpha Cubed Investments LLC increased its position in shares of Fair Isaac by 1.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock worth $942,000 after purchasing an additional 6 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in Fair Isaac by 2.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock valued at $609,000 after purchasing an additional 6 shares in the last quarter. Mather Group LLC. lifted its position in Fair Isaac by 5.2% during the fourth quarter. Mather Group LLC. now owns 122 shares of the technology company’s stock valued at $243,000 after purchasing an additional 6 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Fair Isaac by 1.0% in the 4th quarter. D.A. Davidson & CO. now owns 621 shares of the technology company’s stock worth $1,236,000 after buying an additional 6 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. UBS Group decreased their price objective 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 shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Jefferies Financial Group reduced their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group boosted their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Oppenheimer decreased their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,088.15.
Insider Activity at Fair Isaac
In related news, 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 of the company’s stock, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the business’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 in the company, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,241 shares of company stock valued at $18,186,184 in the last three months. Company insiders own 3.46% of the company’s stock.
Fair Isaac Trading Up 1.3 %
Shares of Fair Isaac stock opened at $1,922.85 on Wednesday. The company’s fifty day simple moving average is $1,834.60 and its two-hundred day simple moving average is $1,990.58. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52. The company has a market cap of $46.95 billion, a P/E ratio of 88.24, a PEG ratio of 3.27 and a beta of 1.41.
Fair Isaac (NYSE:FICO – Get Free Report) last posted its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. Analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.
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.
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