Boothbay Fund Management LLC Has $864,000 Position in Fair Isaac Co. (NYSE:FICO)

Boothbay Fund Management LLC lifted its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 298.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 434 shares of the technology company's stock after buying an additional 325 shares during the quarter. Boothbay Fund Management LLC's holdings in Fair Isaac were worth $864,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FICO. Norges Bank acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $442,369,000. Wealthfront Advisers LLC grew its holdings in Fair Isaac by 5,217.6% in the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock valued at $292,728,000 after buying an additional 144,266 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Fair Isaac in the 4th quarter valued at $261,610,000. Arrowstreet Capital Limited Partnership increased its position in Fair Isaac by 376.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock worth $321,790,000 after buying an additional 127,679 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Fair Isaac during the fourth quarter worth $199,441,000. Institutional investors own 85.75% of the company's stock.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 13,058 shares of company stock worth $23,119,030 over the last three months. 3.46% of the stock is owned by company insiders.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded up $39.52 on Monday, hitting $2,087.69. The stock had a trading volume of 49,711 shares, compared to its average volume of 204,539. The stock has a 50 day moving average of $1,856.90 and a 200 day moving average of $1,976.96. The firm has a market capitalization of $50.82 billion, a P/E ratio of 95.81, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a twelve month low of $1,204.03 and a twelve month high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last announced 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. The firm had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The business's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $6.14 EPS. Equities analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FICO. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Robert W. Baird raised their target price on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Oppenheimer cut their price target on 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. UBS Group lowered their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,277.46.

About Fair Isaac

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.