33,511 Shares in Fair Isaac Co. (NYSE:FICO) Acquired by Twinbeech Capital LP

Twinbeech Capital LP purchased a new position in Fair Isaac Co. (NYSE:FICO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 33,511 shares of the technology company's stock, valued at approximately $66,718,000. Fair Isaac comprises 1.1% of Twinbeech Capital LP's holdings, making the stock its 14th largest position. Twinbeech Capital LP owned approximately 0.14% of Fair Isaac as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. raised its holdings in Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after purchasing an additional 8 shares during the period. Pinnacle Holdings LLC purchased a new position in shares of Fair Isaac in the fourth quarter valued at about $26,000. Berbice Capital Management LLC purchased a new position in shares of Fair Isaac in the fourth quarter valued at about $40,000. Avalon Trust Co bought a new position in shares of Fair Isaac in the fourth quarter worth about $40,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Fair Isaac during the fourth quarter worth about $42,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Stock Down 0.2%

FICO traded down $3.14 on Thursday, hitting $1,704.80. The company had a trading volume of 608,824 shares, compared to its average volume of 180,356. The company has a market cap of $41.50 billion, a PE ratio of 78.24, 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. The business's fifty day simple moving average is $1,928.18 and its 200 day simple moving average is $1,985.29.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The business had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same quarter in the previous year, the business earned $6.14 earnings per share. The company's revenue for the quarter was up 15.0% compared to the same quarter last year. On average, analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FICO has been the subject of a number of research analyst reports. UBS Group cut their price objective 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. Barclays reduced 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. Jefferies Financial Group reaffirmed 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. Oppenheimer lifted their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Bank of America started coverage on Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,299.31.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 4,092 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the sale, the director now owns 242 shares of the company's stock, valued at $505,175. The trade was a 76.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,933 shares of company stock worth $35,250,629 over the last 90 days. Company insiders own 3.46% of the company's stock.

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.