1,046 Shares in Fair Isaac Co. (NYSE:FICO) Purchased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,046 shares of the technology company's stock, valued at approximately $2,083,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP lifted its holdings in shares of Fair Isaac by 860.5% during the fourth quarter. Quarry LP now owns 365 shares of the technology company's stock worth $727,000 after purchasing an additional 327 shares during the period. KP Management LLC acquired a new stake in shares of Fair Isaac in the 4th quarter worth $1,891,000. Aquatic Capital Management LLC purchased a new stake in shares of Fair Isaac in the fourth quarter valued at about $11,601,000. Johnson Financial Group Inc. increased its stake in shares of Fair Isaac by 271.4% during the fourth quarter. Johnson Financial Group Inc. now owns 52 shares of the technology company's stock worth $97,000 after acquiring an additional 38 shares during the period. Finally, Boothbay Fund Management LLC raised its holdings in Fair Isaac by 298.2% during the fourth quarter. Boothbay Fund Management LLC now owns 434 shares of the technology company's stock worth $864,000 after purchasing an additional 325 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FICO. UBS Group reduced their price target on 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. Bank of America initiated coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Finally, Robert W. Baird raised their price objective on Fair Isaac from $1,775.00 to $1,837.00 and gave the company a "neutral" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $2,277.46.

Fair Isaac Price Performance

Shares of FICO opened at $1,990.43 on Thursday. Fair Isaac Co. has a 12 month low of $1,134.06 and a 12 month high of $2,402.52. The stock's 50-day moving average is $1,846.66 and its two-hundred day moving average is $1,978.39. The stock has a market cap of $48.60 billion, a PE ratio of 91.35, a P/E/G ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping 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 firm had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same quarter in the prior year, the business earned $6.14 EPS. Fair Isaac's quarterly revenue was up 15.0% compared to the same quarter last year. On average, research analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 4,092 shares of Fair Isaac stock in a transaction on 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 completion of the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 13,058 shares of company stock valued at $23,119,030 in the last ninety days. 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.

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