Bowie Capital Management LLC Has $115.77 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Bowie Capital Management LLC lowered its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,147 shares of the technology company's stock after selling 8,946 shares during the quarter. Fair Isaac accounts for about 6.1% of Bowie Capital Management LLC's investment portfolio, making the stock its 3rd biggest holding. Bowie Capital Management LLC owned about 0.24% of Fair Isaac worth $115,767,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors increased its holdings in shares of Fair Isaac by 30.0% in the fourth quarter. Captrust Financial Advisors now owns 780 shares of the technology company's stock worth $1,553,000 after acquiring an additional 180 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in Fair Isaac during the 4th quarter worth approximately $11,892,000. Caxton Associates LP lifted its stake in Fair Isaac by 81.1% in the fourth quarter. Caxton Associates LP now owns 1,521 shares of the technology company's stock valued at $3,028,000 after buying an additional 681 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Fair Isaac by 19.5% in the fourth quarter. BNP Paribas Financial Markets now owns 45,900 shares of the technology company's stock valued at $91,384,000 after buying an additional 7,494 shares during the period. Finally, Aristeia Capital L.L.C. bought a new stake in shares of Fair Isaac during the fourth quarter worth $323,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction 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 directly owns 42,138 shares in the company, valued at $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 completion of the sale, the executive vice president now directly owns 9,974 shares in the company, valued at approximately $20,517,016.70. This represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,135 shares of company stock worth $31,505,623. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Price Performance

NYSE FICO traded up $36.12 on Wednesday, reaching $2,096.98. The stock had a trading volume of 159,907 shares, compared to its average volume of 178,294. Fair Isaac Co. has a 1-year low of $1,238.69 and a 1-year high of $2,402.52. The company has a market cap of $51.04 billion, a P/E ratio of 96.24, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. The firm has a fifty day moving average of $1,870.04 and a two-hundred day moving average of $1,979.14.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share 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 business had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same quarter in the previous year, the company earned $6.14 EPS. The business's revenue was up 15.0% on a year-over-year basis. Research analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Oppenheimer dropped their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Robert W. Baird upped their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. UBS Group lowered their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Fair Isaac currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,277.46.

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.