Aquatic Capital Management LLC Buys New Position in Fair Isaac Co. (NYSE:FICO)

Aquatic Capital Management LLC acquired a new position in Fair Isaac Co. (NYSE:FICO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,827 shares of the technology company's stock, valued at approximately $11,601,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. Johnson Financial Group Inc. raised its holdings in shares of Fair Isaac by 271.4% in the 4th quarter. Johnson Financial Group Inc. now owns 52 shares of the technology company's stock valued at $97,000 after buying an additional 38 shares during the period. Boothbay Fund Management LLC lifted its position in shares of 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. Three Seasons Wealth LLC acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $2,302,000. Nebula Research & Development LLC acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $2,540,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Fair Isaac during the 4th quarter worth approximately $1,690,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FICO shares. UBS Group lowered their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Wells Fargo & Company cut their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Robert W. Baird boosted their target price on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Bank of America initiated coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $2,277.46.

Fair Isaac Stock Performance

Fair Isaac stock traded up $28.93 during trading hours on Wednesday, reaching $1,990.43. 270,023 shares of the stock were exchanged, compared to its average volume of 206,598. The stock has a market cap of $48.60 billion, a P/E ratio of 91.35, a P/E/G ratio of 3.27 and a beta of 1.37. The firm's 50 day moving average is $1,840.79 and its 200 day moving average is $1,978.31. Fair Isaac Co. has a 52-week low of $1,134.06 and a 52-week high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping the consensus estimate 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 company had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same period in the previous year, the firm earned $6.14 EPS. The business's revenue was up 15.0% on a year-over-year basis. Equities research analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Activity

In related news, CEO William J. Lansing sold 4,092 shares of Fair Isaac stock in a transaction on 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 transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this link. In the last three months, insiders sold 13,058 shares of company stock worth $23,119,030. Company 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.