Fair Isaac Co. (NYSE:FICO) Shares Acquired by Ethic Inc.

Ethic Inc. boosted its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,902 shares of the technology company's stock after buying an additional 697 shares during the quarter. Ethic Inc.'s holdings in Fair Isaac were worth $5,778,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FICO. Rakuten Securities Inc. boosted its stake in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after buying an additional 8 shares during the period. Pinnacle Holdings LLC purchased a new position in Fair Isaac during the fourth quarter worth about $26,000. Berbice Capital Management LLC purchased a new position in Fair Isaac during the fourth quarter worth about $40,000. Avalon Trust Co purchased a new position in Fair Isaac during the fourth quarter worth about $40,000. Finally, OFI Invest Asset Management purchased a new position in shares of Fair Isaac in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Up 2.1%

NYSE:FICO traded up $43.90 during mid-day trading on Monday, hitting $2,132.12. The stock had a trading volume of 182,027 shares, compared to its average volume of 177,237. The stock has a 50-day simple moving average of $1,884.47 and a two-hundred day simple moving average of $1,981.07. The company has a market capitalization of $51.90 billion, a PE ratio of 97.85, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a twelve month low of $1,266.72 and a twelve month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating the consensus estimate of $7.33 by $0.48. The firm had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm's revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $6.14 earnings per share. Sell-side analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the firm's 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 transaction of $8,386,592.85. Following the sale, the executive vice president now directly owns 9,974 shares in the company, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,135 shares of company stock valued at $31,505,623 over the last 90 days. 3.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented 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 raised their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research note on Thursday. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the company a "neutral" rating in a research note 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 for the company in a research note on Monday, January 27th. Finally, Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Three investment 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 company currently has an average rating of "Moderate Buy" and an average target price of $2,274.31.

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.