Tidal Investments LLC Raises Stock Position in Fair Isaac Co. (NYSE:FICO)

Tidal Investments LLC lifted its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 692.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,133 shares of the technology company's stock after purchasing an additional 12,349 shares during the quarter. Tidal Investments LLC owned about 0.06% of Fair Isaac worth $28,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nebula Research & Development LLC acquired a new position in Fair Isaac during the 4th quarter worth approximately $2,540,000. Donoghue Forlines LLC purchased a new position in shares of Fair Isaac in the 4th quarter worth $1,935,000. Barclays PLC raised its position in Fair Isaac by 24.8% in the third quarter. Barclays PLC now owns 60,521 shares of the technology company's stock valued at $117,624,000 after purchasing an additional 12,038 shares during the period. Brighton Jones LLC raised its position in Fair Isaac by 168.7% in the fourth 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. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Fair Isaac during the fourth quarter valued at about $394,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent analyst reports. Oppenheimer lifted their price target on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Barclays lowered their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Needham & Company LLC boosted their price target 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. Robert W. Baird boosted their target price on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Finally, UBS Group dropped their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,299.31.

Fair Isaac Price Performance

NYSE FICO traded down $318.60 during trading on Wednesday, hitting $1,708.40. 940,936 shares of the company's stock traded hands, compared to its average volume of 178,690. The stock has a fifty day moving average of $1,930.06 and a two-hundred day moving average of $1,987.21. The firm has a market cap of $41.59 billion, a P/E ratio of 78.40, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 12-month low of $1,266.72 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly 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 company had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. During the same quarter last year, the firm earned $6.14 earnings per share. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. As a group, analysts expect 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.