Fair Isaac Co. (NYSE:FICO) Stock Holdings Reduced by Altarock Partners LP

Altarock Partners LP trimmed its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 98.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 670 shares of the technology company's stock after selling 33,982 shares during the period. Fair Isaac accounts for 0.0% of Altarock Partners LP's portfolio, making the stock its 10th largest holding. Altarock Partners LP's holdings in Fair Isaac were worth $1,334,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FICO. Principal Financial Group Inc. grew its holdings in Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after buying an additional 1,977 shares in the last quarter. Barclays PLC grew its stake in Fair Isaac by 24.8% during the third quarter. Barclays PLC now owns 60,521 shares of the technology company's stock valued at $117,624,000 after acquiring an additional 12,038 shares in the last quarter. Morse Asset Management Inc increased its holdings in Fair Isaac by 7.3% in the 3rd quarter. Morse Asset Management Inc now owns 427 shares of the technology company's stock valued at $830,000 after acquiring an additional 29 shares during the last quarter. Anchor Investment Management LLC lifted its stake in Fair Isaac by 204.0% in the 3rd quarter. Anchor Investment Management LLC now owns 76 shares of the technology company's stock worth $148,000 after purchasing an additional 51 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Fair Isaac during the third quarter valued at about $290,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $74,210,495.94. This trade represents a 6.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 13,058 shares of company stock worth $23,119,030 in the last 90 days. 3.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FICO shares. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Wells Fargo & Company decreased their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Oppenheimer cut their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $2,500.00 price target on shares of Fair Isaac 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 objective for the company. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Fair Isaac presently has a consensus rating of "Moderate Buy" and an average target price of $2,277.46.

Fair Isaac Price Performance

Shares of FICO traded up $48.41 during mid-day trading on Friday, reaching $2,050.09. 204,427 shares of the company's stock traded hands, compared to its average volume of 178,725. The stock's 50-day moving average is $1,856.90 and its two-hundred day moving average is $1,977.91. Fair Isaac Co. has a 12 month low of $1,176.43 and a 12 month high of $2,402.52. The stock has a market cap of $49.90 billion, a P/E ratio of 94.08, a P/E/G ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. The business had revenue of $498.74 million for the quarter, compared to analyst estimates 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 revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm posted $6.14 earnings per share. Research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

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.