380 Shares in Fair Isaac Co. (NYSE:FICO) Bought by CX Institutional

CX Institutional bought a new position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 380 shares of the technology company's stock, valued at approximately $701,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its position in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after purchasing an additional 302 shares during the period. Kestra Private Wealth Services LLC increased its holdings in Fair Isaac by 38.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 299 shares of the technology company's stock worth $595,000 after purchasing an additional 83 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Fair Isaac by 1.7% during the 4th quarter. Vontobel Holding Ltd. now owns 737 shares of the technology company's stock valued at $1,467,000 after acquiring an additional 12 shares during the period. AustralianSuper Pty Ltd increased its position in Fair Isaac by 40.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 102,858 shares of the technology company's stock valued at $204,783,000 after buying an additional 29,582 shares in the last quarter. Finally, Principal Securities Inc. grew its position in Fair Isaac by 2.5% in the 4th quarter. Principal Securities Inc. now owns 363 shares of the technology company's stock valued at $723,000 after purchasing an additional 9 shares during the period. Institutional investors own 85.75% of the company's stock.

Analysts Set New Price Targets

FICO has been the topic of a number of research analyst reports. Bank of America started coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Oppenheimer raised their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price target for the stock from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Raymond James restated an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Finally, Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Fair Isaac presently has an average rating of "Moderate Buy" and an average price target of $2,304.15.

Fair Isaac Trading Up 0.0%

NYSE FICO traded up $0.71 during trading hours on Friday, reaching $1,785.08. The company had a trading volume of 268,942 shares, compared to its average volume of 192,292. The stock has a market capitalization of $43.45 billion, a P/E ratio of 81.92, a price-to-earnings-growth ratio of 3.27 and a beta of 1.29. Fair Isaac Co. has a 1-year low of $1,365.00 and a 1-year high of $2,402.52. The stock has a 50-day moving average of $1,889.97 and a 200 day moving average of $1,925.94.

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

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 592 shares of the 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 owns 42,138 shares in the company, valued at approximately $91,453,786.92. This represents a 1.39% decrease in their position. The sale was disclosed in a filing 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 stock was 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 in the company, valued at $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,851 shares of company stock worth $40,543,770 over the last 90 days. 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.