Abacus FCF Advisors LLC Acquires 6,092 Shares of Fair Isaac Co. (NYSE:FICO)

Abacus FCF Advisors LLC grew its holdings in Fair Isaac Co. (NYSE:FICO) by 230.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,738 shares of the technology company’s stock after acquiring an additional 6,092 shares during the quarter. Fair Isaac accounts for 2.5% of Abacus FCF Advisors LLC’s portfolio, making the stock its 11th largest holding. Abacus FCF Advisors LLC’s holdings in Fair Isaac were worth $16,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FICO. GAMMA Investing LLC lifted its position in Fair Isaac by 286,768.9% in the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company’s stock worth $476,129,000 after purchasing an additional 258,092 shares during the period. Norges Bank bought a new position in Fair Isaac in the fourth quarter worth $442,369,000. Wealthfront Advisers LLC lifted its position in Fair Isaac by 5,217.6% in the fourth 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 bought a new position in Fair Isaac in the fourth quarter worth $261,610,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Fair Isaac by 376.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock worth $321,790,000 after purchasing an additional 127,679 shares during the period. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,746.34 on Tuesday. Fair Isaac Co. has a twelve month low of $1,287.99 and a twelve month high of $2,402.52. The firm has a market cap of $42.51 billion, a PE ratio of 80.14, a price-to-earnings-growth ratio of 3.27 and a beta of 1.29. The business has a fifty day moving average of $1,886.36 and a 200-day moving average of $1,931.82.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating analysts’ consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The company had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same period last year, the company posted $6.14 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 4,077 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the transaction, the executive vice president now owns 9,974 shares in the company, valued at $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Lansing sold 592 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total value of $1,284,841.28. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $91,453,786.92. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,841 shares of company stock worth $28,180,921 over the last 90 days. Insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on FICO. Robert W. Baird raised Fair Isaac from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Baird R W raised Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 28th. Needham & Company LLC increased their price objective on Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Raymond James reiterated an “outperform” rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Finally, Barclays dropped their price objective on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,304.15.

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.