Man Group plc Buys 6,572 Shares of Fair Isaac Co. (NYSE:FICO)

Man Group plc raised its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 79.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,868 shares of the technology company's stock after acquiring an additional 6,572 shares during the period. Man Group plc owned about 0.06% of Fair Isaac worth $29,601,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FICO. Rakuten Securities Inc. boosted its stake in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after purchasing an additional 8 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in Fair Isaac in the fourth quarter worth $26,000. Berbice Capital Management LLC acquired a new position in Fair Isaac in the fourth quarter worth $40,000. Avalon Trust Co acquired a new position in Fair Isaac in the fourth quarter worth $40,000. Finally, OFI Invest Asset Management acquired a new position in Fair Isaac in the fourth quarter worth $42,000. 85.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Marc F. Mcmorris sold 797 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the transaction, the director now owns 242 shares of the company's stock, valued at approximately $505,175. This trade represents a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 5,419 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $2,147.97, for a total transaction of $11,639,849.43. Following the completion of the transaction, the chief executive officer now directly owns 42,730 shares of the company's stock, valued at approximately $91,782,758.10. This trade represents a 11.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,933 shares of company stock worth $35,250,629. Company insiders own 3.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group reduced 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. Wells Fargo & Company reduced their price objective 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. Robert W. Baird upped their price target on 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. Barclays cut their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Finally, Bank of America started coverage on Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. Three equities research 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, Fair Isaac currently has an average rating of "Moderate Buy" and an average target price of $2,299.31.

Fair Isaac Trading Up 0.9%

Shares of NYSE:FICO traded up $19.53 during mid-day trading on Friday, reaching $2,199.97. The stock had a trading volume of 163,779 shares, compared to its average volume of 175,009. The firm has a 50 day simple moving average of $1,915.89 and a two-hundred day simple moving average of $1,985.45. Fair Isaac Co. has a twelve month low of $1,266.72 and a twelve month high of $2,402.52. The firm has a market cap of $53.55 billion, a PE ratio of 100.96, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results 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. The company had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $6.14 earnings per share. On average, equities analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal 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.