Algert Global LLC Lowers Position in Fair Isaac Co. (NYSE:FICO)

Algert Global LLC decreased its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 13.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,233 shares of the technology company's stock after selling 335 shares during the quarter. Algert Global LLC's holdings in Fair Isaac were worth $4,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Fair Isaac during the fourth quarter valued at $442,369,000. Wealthfront Advisers LLC boosted its position in Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock valued at $292,728,000 after purchasing an additional 144,266 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Fair Isaac in the fourth quarter valued at about $261,610,000. Arrowstreet Capital Limited Partnership increased its position in Fair Isaac by 376.1% in the 4th 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 last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Fair Isaac during the 4th quarter worth about $199,441,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $72,801,401.22. This trade represents a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 9,974 shares of the company's stock, valued at approximately $20,517,016.70. The trade was a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,135 shares of company stock worth $31,505,623 in the last 90 days. Company insiders own 3.46% of the company's stock.

Fair Isaac Trading Down 0.8 %

Shares of NYSE FICO traded down $16.75 during mid-day trading on Friday, reaching $2,089.01. 139,164 shares of the company's stock were exchanged, compared to its average volume of 177,218. The business has a fifty day simple moving average of $1,879.31 and a 200 day simple moving average of $1,980.24. Fair Isaac Co. has a twelve month low of $1,266.72 and a twelve month high of $2,402.52. The firm has a market capitalization of $50.85 billion, a price-to-earnings ratio of 95.87, a PEG ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 53.40% and a net margin of 30.66%. The company had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. During the same quarter in the prior year, the business posted $6.14 EPS. The business's revenue was up 15.0% compared to the same quarter last year. Equities research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FICO. Barclays reduced their price objective on shares of 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. Robert W. Baird lifted their price target on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Oppenheimer lifted their price objective on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday. Jefferies Financial Group lowered their target price on shares of 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, Raymond James lifted their price objective on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a research 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 company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $2,268.54.

Fair Isaac 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.