Fair Isaac Co. (NYSE:FICO) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,842 shares of the technology company's stock after purchasing an additional 449 shares during the quarter. ProShare Advisors LLC's holdings in Fair Isaac were worth $9,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FICO. Mechanics Bank Trust Department raised its holdings in Fair Isaac by 5.7% in the 4th quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company's stock valued at $223,000 after acquiring an additional 6 shares during the last quarter. Alpha Cubed Investments LLC increased its holdings in shares of Fair Isaac by 1.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company's stock valued at $942,000 after purchasing an additional 6 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in Fair Isaac by 2.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company's stock worth $609,000 after buying an additional 6 shares in the last quarter. Mather Group LLC. boosted its stake in Fair Isaac by 5.2% during the fourth quarter. Mather Group LLC. now owns 122 shares of the technology company's stock worth $243,000 after buying an additional 6 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in Fair Isaac by 1.0% in the 4th quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock valued at $1,236,000 after buying an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FICO. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Jefferies Financial Group reiterated a "buy" rating and issued a $2,500.00 target price (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Needham & Company LLC increased 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. Oppenheimer lifted 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 research report on Thursday, May 8th. Finally, Raymond James increased their price objective on Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,299.31.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Marc F. Mcmorris sold 797 shares of Fair Isaac stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the completion of the sale, the director now directly owns 242 shares of the company's stock, valued at $505,175. The trade was a 76.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William J. Lansing sold 4,092 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $72,801,401.22. This represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,933 shares of company stock valued at $35,250,629 over the last 90 days. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Price Performance

Shares of FICO stock traded down $318.60 on Wednesday, hitting $1,708.40. The stock had a trading volume of 940,936 shares, compared to its average volume of 179,447. The company's 50 day moving average price is $1,930.06 and its 200-day moving average price is $1,987.21. Fair Isaac Co. has a 1 year low of $1,266.72 and a 1 year high of $2,402.52. The firm has a market capitalization of $41.59 billion, a P/E ratio of 78.40, a P/E/G ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping the consensus estimate 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%. Fair Isaac's revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.14 EPS. On average, equities analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Fair Isaac 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.