8,954 Shares in Fair Isaac Co. (NYSE:FICO) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Fair Isaac Co. (NYSE:FICO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,954 shares of the technology company's stock, valued at approximately $16,513,000.

A number of other institutional investors have also recently bought and sold shares of FICO. Brighton Jones LLC lifted its stake 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 buying an additional 302 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Fair Isaac in the fourth quarter worth $74,000. Kestra Private Wealth Services LLC lifted its position in shares of Fair Isaac by 38.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 299 shares of the technology company's stock worth $595,000 after purchasing an additional 83 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Fair Isaac by 1.7% in the fourth quarter. Vontobel Holding Ltd. now owns 737 shares of the technology company's stock worth $1,467,000 after purchasing an additional 12 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its position in shares of Fair Isaac by 40.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 102,858 shares of the technology company's stock worth $204,783,000 after purchasing an additional 29,582 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Down 1.2%

Shares of NYSE:FICO traded down $21.15 on Thursday, hitting $1,783.85. The company had a trading volume of 217,933 shares, compared to its average volume of 191,595. Fair Isaac Co. has a 1-year low of $1,358.24 and a 1-year high of $2,402.52. The stock has a market cap of $43.42 billion, a price-to-earnings ratio of 81.87, a P/E/G ratio of 3.27 and a beta of 1.29. The stock has a 50 day moving average price of $1,889.97 and a 200 day moving average price of $1,925.94.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS 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 for the quarter, compared to the consensus estimate of $500.45 million. During the same period in the previous year, the company earned $6.14 earnings per share. The company's quarterly revenue was up 15.0% on a year-over-year basis. Sell-side analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were 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 directly owns 42,138 shares in the company, valued at approximately $74,492,399.16. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the company's 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 completion of the transaction, the executive vice president now owns 9,974 shares in the company, valued at $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,851 shares of company stock worth $40,543,770. Corporate insiders own 3.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Bank of America assumed coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective on the stock. Raymond James reissued an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Jefferies Financial Group reissued a "buy" rating and issued a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Oppenheimer boosted their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $2,304.15.

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.