Groupama Asset Managment Acquires New Stake in Fair Isaac Co. (NYSE:FICO)

Groupama Asset Managment acquired a new position in shares of Fair Isaac Co. (NYSE:FICO) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,071 shares of the technology company’s stock, valued at approximately $2,157,000.

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

Insider Activity

In other news, CFO Steven P. Weber sold 139 shares of the stock in a transaction dated 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 owns 2,478 shares in the company, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 4,092 shares of the company’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 value 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 approximately $72,801,401.22. This represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,241 shares of company stock valued at $18,186,184 in the last three months. Corporate insiders own 3.46% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the subject of a number of recent analyst reports. Robert W. Baird reduced their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. began coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. Oppenheimer decreased their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. UBS Group dropped their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, Wells Fargo & Company reduced their price target on shares of 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,088.15.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,888.68 on Thursday. The firm’s 50-day simple moving average is $1,827.20 and its 200-day simple moving average is $1,991.00. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.52. The firm has a market cap of $46.12 billion, a P/E ratio of 86.68, a PEG ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO) last posted its quarterly 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 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.