Fair Isaac Co. (NYSE:FICO) Shares Sold by Bamco Inc. NY

Bamco Inc. NY cut its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,590 shares of the technology company's stock after selling 2,280 shares during the period. Bamco Inc. NY owned 0.38% of Fair Isaac worth $186,331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its stake in Fair Isaac by 160.0% in the 4th 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 stake in shares of Fair Isaac during the fourth quarter worth $26,000. Berbice Capital Management LLC purchased a new stake in shares of Fair Isaac during the fourth quarter valued at $40,000. Avalon Trust Co acquired a new position in shares of Fair Isaac in the 4th quarter valued at $40,000. Finally, OFI Invest Asset Management purchased a new position in Fair Isaac in the 4th quarter worth $42,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Oppenheimer decreased their target price on 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. Robert W. Baird increased their price target 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. Raymond James lifted their price objective on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Jefferies Financial Group reduced their price objective on 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. Finally, Needham & Company LLC reissued a "buy" rating and issued a $2,500.00 price target 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $2,277.46.

Fair Isaac Trading Up 1.8 %

Fair Isaac stock traded up $36.12 during trading on Wednesday, hitting $2,096.98. The company had a trading volume of 159,907 shares, compared to its average volume of 178,294. The stock has a market cap of $51.04 billion, a price-to-earnings ratio of 96.24, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 1-year low of $1,238.69 and a 1-year high of $2,402.52. The company's 50 day simple moving average is $1,870.04 and its 200-day simple moving average is $1,979.14.

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

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of the business'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 value of $8,386,592.85. Following the sale, the executive vice president now owns 9,974 shares of the company's stock, 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 sold 17,135 shares of company stock worth $31,505,623 in the last 90 days. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Company 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.