Alberta Investment Management Corp Increases Position in Fair Isaac Co. (NYSE:FICO)

Alberta Investment Management Corp increased its position in Fair Isaac Co. (NYSE:FICOFree Report) by 20.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 600 shares of the technology company’s stock after acquiring an additional 100 shares during the period. Alberta Investment Management Corp’s holdings in Fair Isaac were worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Fair Isaac by 1.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 457,738 shares of the technology company’s stock worth $397,560,000 after buying an additional 4,584 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Fair Isaac by 112,366.2% during the fourth quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock worth $464,737,000 after purchasing an additional 398,900 shares during the last quarter. American Century Companies Inc. boosted its holdings in Fair Isaac by 39.6% in the third quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock valued at $318,633,000 after purchasing an additional 104,161 shares during the last quarter. Invesco Ltd. grew its position in Fair Isaac by 13.6% during the 3rd quarter. Invesco Ltd. now owns 359,549 shares of the technology company’s stock worth $312,279,000 after purchasing an additional 42,998 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Fair Isaac by 25.2% during the 4th quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock valued at $330,072,000 after buying an additional 57,010 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analysts Set New Price Targets

FICO has been the topic of a number of analyst reports. Raymond James raised their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Redburn Atlantic assumed coverage on Fair Isaac in a report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,274.33.

Get Our Latest Research Report on Fair Isaac

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the transaction, the chief executive officer now owns 20,638 shares in the company, valued at approximately $25,300,743.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the completion of the sale, the chief executive officer now owns 20,638 shares in the company, valued at approximately $25,300,743.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joanna Rees sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the completion of the transaction, the director now owns 21,118 shares of the company’s stock, valued at $26,503,090. The disclosure for this sale can be found here. Insiders sold a total of 18,423 shares of company stock worth $22,142,247 in the last three months. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,293.82 on Tuesday. Fair Isaac Co. has a fifty-two week low of $745.45 and a fifty-two week high of $1,451.78. The firm has a market capitalization of $31.97 billion, a P/E ratio of 67.92, a PEG ratio of 3.47 and a beta of 1.31. The stock’s fifty day moving average is $1,255.32 and its two-hundred day moving average is $1,223.44.

Fair Isaac (NYSE:FICOGet Free Report) last issued its earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, topping the consensus estimate of $4.89 by $0.20. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. The business had revenue of $433.81 million for the quarter, compared to analysts’ expectations of $425.94 million. On average, equities analysts forecast that Fair Isaac Co. will post 19.75 earnings per share for the current year.

Fair Isaac Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

Receive News & Ratings for Fair Isaac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fair Isaac and related companies with MarketBeat.com's FREE daily email newsletter.