Mackenzie Financial Corp Increases Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Mackenzie Financial Corp boosted its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,937 shares of the technology company's stock after buying an additional 670 shares during the period. Mackenzie Financial Corp's holdings in Fair Isaac were worth $15,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Resonant Capital Advisors LLC grew its position in shares of Fair Isaac by 2.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company's stock worth $609,000 after buying an additional 6 shares during the last quarter. Mather Group LLC. grew its holdings in Fair Isaac by 5.2% in the fourth quarter. Mather Group LLC. now owns 122 shares of the technology company's stock worth $243,000 after purchasing an additional 6 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Fair Isaac by 1.0% in the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock worth $1,236,000 after purchasing an additional 6 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of Fair Isaac by 1.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 403 shares of the technology company's stock worth $802,000 after purchasing an additional 6 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its holdings in shares of Fair Isaac by 1.0% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock valued at $1,210,000 after purchasing an additional 6 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FICO shares. Oppenheimer boosted their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price target for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday. Bank of America began coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective for the company. Barclays dropped their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Finally, Needham & Company LLC upped their price target 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. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,304.15.

Insider Transactions at Fair Isaac

In other Fair Isaac news, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the transaction, the director now owns 242 shares in the company, valued at approximately $505,175. This represents a 76.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William J. Lansing sold 4,092 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $72,801,401.22. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,933 shares of company stock worth $35,250,629 over the last quarter. 3.46% of the stock is currently owned by insiders.

Fair Isaac Trading Up 2.7%

Shares of FICO stock traded up $44.85 during trading hours on Friday, hitting $1,729.85. The company's stock had a trading volume of 446,471 shares, compared to its average volume of 188,203. The stock has a market cap of $42.11 billion, a PE ratio of 79.39, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 12-month low of $1,274.55 and a 12-month high of $2,402.52. The company has a 50 day moving average of $1,899.42 and a 200 day moving average of $1,957.34.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly 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 company had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm's revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $6.14 earnings per share. As a group, 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.