Fair Isaac Co. (NYSE:FICO) Shares Bought by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC lifted its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 230.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,738 shares of the technology company's stock after acquiring an additional 6,092 shares during the quarter. Fair Isaac accounts for approximately 2.5% of Abacus FCF Advisors LLC's investment portfolio, making the stock its 11th biggest holding. Abacus FCF Advisors LLC's holdings in Fair Isaac were worth $16,114,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Fair Isaac by 55.6% during the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after purchasing an additional 50 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Fair Isaac by 105.9% during the first quarter. Harbor Capital Advisors Inc. now owns 558 shares of the technology company's stock worth $1,029,000 after buying an additional 287 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Fair Isaac by 0.6% in the first quarter. Yousif Capital Management LLC now owns 3,089 shares of the technology company's stock valued at $5,697,000 after buying an additional 19 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Fair Isaac in the first quarter worth about $494,000. Finally, City Holding Co. boosted its position in Fair Isaac by 11.3% during the first quarter. City Holding Co. now owns 59 shares of the technology company's stock worth $109,000 after acquiring an additional 6 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Oppenheimer increased their price target on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Raymond James reissued an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their target price for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Finally, Jefferies Financial Group restated a "buy" rating and set a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $2,304.15.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 592 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $2,170.34, for a total transaction of $1,284,841.28. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $91,453,786.92. The trade was a 1.39% 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 dated Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the transaction, the executive vice president now owns 9,974 shares of the company's stock, valued at $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,841 shares of company stock worth $29,919,171. 3.46% of the stock is owned by company insiders.

Fair Isaac Trading Up 1.0%

NYSE:FICO traded up $17.59 during mid-day trading on Wednesday, hitting $1,802.59. The stock had a trading volume of 220,270 shares, compared to its average volume of 191,458. Fair Isaac Co. has a twelve month low of $1,331.86 and a twelve month high of $2,402.52. The company has a market capitalization of $43.88 billion, a PE ratio of 82.73, a PEG ratio of 3.27 and a beta of 1.29. The stock has a 50-day simple moving average of $1,888.47 and a two-hundred day simple moving average of $1,929.91.

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

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.