Royal Bank of Canada Increases Position in Fair Isaac Co. (NYSE:FICO)

Royal Bank of Canada increased its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,295 shares of the technology company's stock after purchasing an additional 7,853 shares during the period. Royal Bank of Canada owned approximately 0.40% of Fair Isaac worth $193,708,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FICO. Nebula Research & Development LLC bought a new position in shares of Fair Isaac during the 4th quarter valued at approximately $2,540,000. Donoghue Forlines LLC bought a new position in Fair Isaac during the 4th quarter valued at about $1,935,000. Barclays PLC raised its position in Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after purchasing an additional 12,038 shares during the period. Brighton Jones LLC boosted its holdings in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after acquiring an additional 302 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Fair Isaac in the fourth quarter worth about $394,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 5,419 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $2,147.97, for a total transaction of $11,639,849.43. Following the completion of the sale, the chief executive officer now directly owns 42,730 shares of the company's stock, valued at approximately $91,782,758.10. This trade represents a 11.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction dated 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 sale, the executive vice president now owns 9,974 shares of the company's stock, valued at approximately $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,933 shares of company stock worth $35,250,629. Insiders own 3.46% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on FICO shares. 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 note on Wednesday, April 30th. Wells Fargo & Company cut their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. UBS Group reduced 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 report on Monday, January 27th. Jefferies Financial Group reissued a "buy" rating and set a $2,500.00 price objective (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Finally, Bank of America started coverage on Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price for the company. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,299.31.

Fair Isaac Stock Performance

NYSE FICO traded down $318.60 during trading hours on Wednesday, reaching $1,708.40. The stock had a trading volume of 940,936 shares, compared to its average volume of 178,690. The stock has a fifty day moving average of $1,930.06 and a 200 day moving average of $1,987.21. The stock has a market cap of $41.59 billion, a P/E ratio of 78.40, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 52-week low of $1,266.72 and a 52-week 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. The firm had revenue of $498.74 million during the quarter, compared to analyst estimates 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 for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.14 EPS. On average, equities research 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.