Cubist Systematic Strategies LLC Makes New $6.19 Million Investment in Fair Isaac Co. (NYSE:FICO)

Cubist Systematic Strategies LLC acquired a new stake in Fair Isaac Co. (NYSE:FICO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,108 shares of the technology company's stock, valued at approximately $6,188,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Fair Isaac by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock valued at $5,781,051,000 after acquiring an additional 22,178 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Fair Isaac by 0.8% in the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock valued at $1,351,073,000 after acquiring an additional 5,371 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Fair Isaac by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock valued at $1,318,630,000 after acquiring an additional 17,656 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after acquiring an additional 1,977 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Fair Isaac by 5.4% in the fourth quarter. Jennison Associates LLC now owns 254,282 shares of the technology company's stock valued at $506,257,000 after acquiring an additional 13,133 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Trading Up 0.1%

Shares of FICO traded up $2.51 during trading hours on Tuesday, reaching $2,132.51. The stock had a trading volume of 150,890 shares, compared to its average volume of 177,132. Fair Isaac Co. has a 12 month low of $1,266.72 and a 12 month high of $2,402.52. The firm has a 50-day simple moving average of $1,884.47 and a 200 day simple moving average of $1,981.07. The company has a market capitalization of $51.91 billion, a price-to-earnings ratio of 97.87, a P/E/G ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. The company had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. Fair Isaac's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $6.14 EPS. On average, equities analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on FICO. Barclays reduced their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Bank of America assumed coverage on Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. Raymond James increased their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Jefferies Financial Group cut their price target on 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, Robert W. Baird increased their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,274.31.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $74,210,495.94. This trade represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the sale, the executive vice president now directly owns 9,974 shares of the company's stock, valued at approximately $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,125 shares of company stock valued at $20,662,201. 3.46% of the stock is owned by insiders.

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.