Adage Capital Partners GP L.L.C. Raises Position in Fair Isaac Co. (NYSE:FICO)

Adage Capital Partners GP L.L.C. grew its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,800 shares of the technology company's stock after purchasing an additional 200 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.09% of Fair Isaac worth $45,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rakuten Securities Inc. raised its position in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after purchasing an additional 8 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Fair Isaac in the 4th quarter valued at about $26,000. Berbice Capital Management LLC bought a new position in Fair Isaac during the 4th quarter worth approximately $40,000. Avalon Trust Co acquired a new stake in shares of Fair Isaac during the fourth quarter worth $40,000. Finally, OFI Invest Asset Management bought a new position in Fair Isaac during the fourth quarter worth $42,000. Institutional investors own 85.75% of the company's stock.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 4,092 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 13,058 shares of company stock worth $23,119,030 over the last quarter. Corporate insiders own 3.46% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FICO. Wells Fargo & Company lowered their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Oppenheimer decreased their price target 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. Bank of America initiated coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price for the company. Needham & Company LLC reissued a "buy" rating and set a $2,500.00 price objective on shares of Fair Isaac in a report on Wednesday. Finally, Barclays decreased their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $2,277.46.

Fair Isaac Trading Up 1.2 %

Shares of NYSE:FICO traded up $24.30 on Wednesday, reaching $1,985.80. 81,710 shares of the company traded hands, compared to its average volume of 178,156. The business's 50-day simple moving average is $1,840.79 and its 200 day simple moving average is $1,978.31. Fair Isaac Co. has a 52 week low of $1,131.03 and a 52 week high of $2,402.52. The stock has a market capitalization of $48.49 billion, a P/E ratio of 91.13, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly 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. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The business had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same quarter last year, the firm earned $6.14 EPS. The company's revenue was up 15.0% on a year-over-year basis. Sell-side analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

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.