Pallas Capital Advisors LLC Acquires New Holdings in Fair Isaac Co. (NYSE:FICO)

Pallas Capital Advisors LLC bought a new stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 268 shares of the technology company's stock, valued at approximately $494,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. raised its position in shares of Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after buying an additional 8 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Fair Isaac during the fourth quarter valued at approximately $26,000. Avalon Trust Co bought a new stake in Fair Isaac during the fourth quarter worth approximately $40,000. OFI Invest Asset Management acquired a new stake in Fair Isaac in the fourth quarter worth approximately $42,000. Finally, Colonial Trust Co SC boosted its stake in Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Up 0.0%

Shares of Fair Isaac stock traded up $0.71 on Friday, reaching $1,785.08. 268,942 shares of the company were exchanged, compared to its average volume of 191,903. Fair Isaac Co. has a one year low of $1,358.24 and a one year high of $2,402.52. The company has a 50-day moving average of $1,889.97 and a 200 day moving average of $1,925.94. The company has a market capitalization of $43.45 billion, a price-to-earnings ratio of 81.92, a PEG ratio of 3.27 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $6.14 earnings per share. Analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the sale, the executive vice president now owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,851 shares of company stock valued at $40,543,770. 3.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays decreased 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 research report on Friday, April 4th. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their target price for the stock from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Raymond James reaffirmed an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Needham & Company LLC restated a "buy" rating and set a $2,575.00 price objective on shares of Fair Isaac in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus target price of $2,304.15.

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.