Rhumbline Advisers Acquires 1,867 Shares of Fair Isaac Co. (NYSE:FICO)

Rhumbline Advisers increased its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,873 shares of the technology company's stock after purchasing an additional 1,867 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of Fair Isaac worth $95,662,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FICO. Mather Group LLC. grew its holdings in Fair Isaac by 5.2% in the 4th quarter. Mather Group LLC. now owns 122 shares of the technology company's stock valued at $243,000 after buying an additional 6 shares during the period. Resonant Capital Advisors LLC lifted its stake 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 valued at $609,000 after purchasing an additional 6 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Fair Isaac by 1.0% during the 4th 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 period. Ashton Thomas Private Wealth LLC grew its holdings in shares of Fair Isaac by 1.5% during the 4th 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 during the period. Finally, Meiji Yasuda Life Insurance Co raised its stake in shares of Fair Isaac by 1.0% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock valued at $1,210,000 after acquiring an additional 6 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction on 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 directly owns 9,974 shares of the company's stock, valued at $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $74,210,495.94. The trade was a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,933 shares of company stock valued at $35,250,629 in the last three months. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Stock Performance

NYSE:FICO traded up $21.23 during trading hours on Wednesday, hitting $1,762.78. 129,694 shares of the company's stock traded hands, compared to its average volume of 189,091. Fair Isaac Co. has a twelve month low of $1,285.27 and a twelve month high of $2,402.52. The firm has a market cap of $42.91 billion, a P/E ratio of 80.90, a P/E/G ratio of 3.27 and a beta of 1.40. The stock's fifty day moving average price is $1,894.10 and its two-hundred day moving average price is $1,949.73.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results 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 for the quarter, compared to the consensus estimate 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 quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.14 EPS. On average, equities research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays reduced 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. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Needham & Company LLC boosted their price objective on Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Oppenheimer increased their target price on shares of 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. Finally, Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their price target for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Two research 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 company. According to MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and a consensus target price of $2,304.15.

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.