Castleark Management LLC Purchases New Stake in Fair Isaac Co. (NYSE:FICO)

Castleark Management LLC acquired a new position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,110 shares of the technology company's stock, valued at approximately $26,101,000. Fair Isaac makes up 0.9% of Castleark Management LLC's portfolio, making the stock its 23rd largest holding. Castleark Management LLC owned about 0.05% of Fair Isaac at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. raised its position in shares of Fair Isaac by 160.0% during 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 during the period. Pinnacle Holdings LLC acquired a new stake in Fair Isaac in the fourth quarter worth $26,000. Berbice Capital Management LLC acquired a new stake in Fair Isaac in the fourth quarter worth $40,000. Avalon Trust Co acquired a new stake in Fair Isaac in the fourth quarter worth $40,000. Finally, OFI Invest Asset Management acquired a new stake in Fair Isaac in the fourth quarter worth $42,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FICO shares. Raymond James reissued an "outperform" rating on shares of Fair Isaac in a research note on Wednesday. Robert W. Baird raised their target price on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Bank of America assumed 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 on the stock. Needham & Company LLC lifted their target price on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company lowered their price target on shares of 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. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2,299.31.

Fair Isaac Stock Down 0.3%

FICO stock traded down $5.17 during trading hours on Friday, hitting $1,695.15. The company's stock had a trading volume of 290,120 shares, compared to its average volume of 180,569. The company has a market capitalization of $41.26 billion, a PE ratio of 77.79, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 12 month low of $1,266.72 and a 12 month high of $2,402.52. The stock has a 50 day moving average price of $1,923.01 and a two-hundred day moving average price of $1,981.15.

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, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. During the same period in the prior year, the business posted $6.14 earnings per share. The business's quarterly revenue was up 15.0% on a year-over-year basis. Sell-side analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Transactions at Fair Isaac

In related news, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the sale, the executive vice president now owns 9,974 shares in the company, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 5,419 shares of the 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 owns 42,730 shares of the company's stock, valued at approximately $91,782,758.10. This represents a 11.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,933 shares of company stock worth $35,250,629. Company insiders own 3.46% of the company's stock.

About Fair Isaac

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.