Castleark Management LLC Makes New $26.10 Million Investment in Fair Isaac Co. (NYSE:FICO)

Castleark Management LLC purchased a new stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,110 shares of the technology company's stock, valued at approximately $26,101,000. Fair Isaac comprises 0.9% of Castleark Management LLC's portfolio, making the stock its 23rd biggest position. Castleark Management LLC owned 0.05% of Fair Isaac at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FICO. Rakuten Securities Inc. raised its holdings in Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after acquiring an additional 8 shares during the period. Pinnacle Holdings LLC purchased a new position in shares of Fair Isaac in the fourth quarter valued at $26,000. Berbice Capital Management LLC bought a new stake in shares of Fair Isaac during the 4th quarter valued at $40,000. Avalon Trust Co purchased a new stake in Fair Isaac during the 4th quarter worth about $40,000. Finally, OFI Invest Asset Management bought a new position in Fair Isaac in the 4th quarter worth about $42,000. 85.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FICO. 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 report on Wednesday, April 30th. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Barclays reduced their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Raymond James reiterated an "outperform" rating on shares of Fair Isaac in a research report on Wednesday. Finally, UBS Group dropped their price objective on 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. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2,299.31.

Insiders Place Their Bets

In other 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the company'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 sale, the executive vice president now directly owns 9,974 shares of the company's stock, valued at $20,517,016.70. The trade was a 29.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,933 shares of company stock valued at $35,250,629. Insiders own 3.46% of the company's stock.

Fair Isaac Stock Performance

FICO stock traded down $5.17 on Monday, reaching $1,695.15. The company's stock had a trading volume of 290,120 shares, compared to its average volume of 180,605. The business has a fifty day simple moving average of $1,923.01 and a two-hundred day simple moving average of $1,979.06. Fair Isaac Co. has a 12-month low of $1,266.72 and a 12-month high of $2,402.52. The firm has a market cap of $41.26 billion, a PE ratio of 77.79, a PEG ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $500.45 million. During the same quarter in the prior year, the company earned $6.14 earnings per share. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. As a group, research analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share 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.