First Trust Advisors LP Boosts Stock Holdings in Fair Isaac Co. (NYSE:FICO)

First Trust Advisors LP increased its position in Fair Isaac Co. (NYSE:FICO) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,170 shares of the technology company’s stock after acquiring an additional 1,574 shares during the period. First Trust Advisors LP owned about 0.09% of Fair Isaac worth $46,131,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Fair Isaac during the fourth quarter valued at approximately $442,369,000. Wealthfront Advisers LLC increased its stake in shares of Fair Isaac by 5,217.6% in 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 in the last quarter. Proficio Capital Partners LLC bought a new position in Fair Isaac in the 4th quarter worth $261,610,000. Arrowstreet Capital Limited Partnership lifted its position in Fair Isaac by 376.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock valued at $321,790,000 after purchasing an additional 127,679 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Fair Isaac during the fourth quarter valued at about $199,441,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Price Performance

FICO opened at $1,925.39 on Thursday. The stock has a market cap of $47.01 billion, a P/E ratio of 88.36, a P/E/G ratio of 3.27 and a beta of 1.37. The firm has a fifty day moving average price of $1,826.47 and a 200 day moving average price of $1,979.79. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.52.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share 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%. Equities analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

Analyst Upgrades and Downgrades

FICO has been the subject of a number of analyst reports. Bank of America initiated coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price target for the company. Wells Fargo & Company decreased their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. UBS Group dropped their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Jefferies Financial Group lowered 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. Finally, Oppenheimer cut their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $2,210.23.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $72,801,401.22. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 13,058 shares of company stock worth $23,119,030. Corporate insiders own 3.46% of the company’s stock.

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.