Harbor Capital Advisors Inc. Acquires 287 Shares of Fair Isaac Co. (NYSE:FICO)

Harbor Capital Advisors Inc. lifted its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 105.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 558 shares of the technology company's stock after purchasing an additional 287 shares during the period. Harbor Capital Advisors Inc.'s holdings in Fair Isaac were worth $1,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. lifted its stake in shares of Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after acquiring an additional 8 shares during the period. Pinnacle Holdings LLC acquired a new stake in shares of Fair Isaac in the 4th quarter worth $26,000. Avalon Trust Co acquired a new stake in shares of Fair Isaac in the 4th quarter worth $40,000. OFI Invest Asset Management acquired a new stake in shares of Fair Isaac in the 4th quarter worth $42,000. Finally, Colonial Trust Co SC lifted its stake in shares of Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after acquiring an additional 10 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FICO has been the subject of a number of research analyst reports. Oppenheimer increased their price target on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Raymond James restated an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Bank of America started coverage on shares of Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target for the company. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $2,500.00 price target (up from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Fair Isaac presently has an average rating of "Moderate Buy" and a consensus target price of $2,304.15.

Fair Isaac Price Performance

Shares of NYSE:FICO traded up $22.10 during midday trading on Monday, reaching $1,806.67. The company had a trading volume of 78,355 shares, compared to its average volume of 192,171. The stock's fifty day moving average price is $1,892.30 and its 200-day moving average price is $1,915.78. The stock has a market capitalization of $43.98 billion, a P/E ratio of 82.96, a PEG ratio of 3.27 and a beta of 1.29. Fair Isaac Co. has a one year low of $1,370.28 and a one year high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $500.45 million. During the same quarter in the previous year, the firm earned $6.14 earnings per share. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the transaction, the executive vice president now owns 9,974 shares in the company, valued at $20,517,016.70. This represents a 29.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,851 shares of company stock worth $40,543,770. 3.46% of the stock is owned by insiders.

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.