University of Texas Texas AM Investment Management Co. Raises Stake in Fair Isaac Co. (NYSE:FICO)

University of Texas Texas AM Investment Management Co. raised its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 65.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,088 shares of the technology company's stock after acquiring an additional 431 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in Fair Isaac were worth $2,166,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FICO. Barclays PLC lifted its position in shares of Fair Isaac by 24.8% during the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock valued at $117,624,000 after buying an additional 12,038 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Fair Isaac by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock worth $1,308,460,000 after acquiring an additional 7,466 shares during the period. Merit Financial Group LLC raised its stake in Fair Isaac by 35.7% during the 4th quarter. Merit Financial Group LLC now owns 175 shares of the technology company's stock worth $349,000 after acquiring an additional 46 shares during the period. Ballentine Partners LLC lifted its holdings in Fair Isaac by 9.4% during the fourth quarter. Ballentine Partners LLC now owns 186 shares of the technology company's stock valued at $370,000 after purchasing an additional 16 shares in the last quarter. Finally, Perpetual Ltd bought a new position in shares of Fair Isaac in the fourth quarter worth approximately $870,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Trading Down 0.3%

Shares of Fair Isaac stock traded down $5.17 during trading hours on Monday, reaching $1,695.15. The stock had a trading volume of 290,120 shares, compared to its average volume of 180,605. The stock's 50 day moving average is $1,923.01 and its 200 day moving average is $1,979.06. Fair Isaac Co. has a twelve month low of $1,266.72 and a twelve month high of $2,402.52. The firm has a market capitalization of $41.26 billion, a PE ratio of 77.79, a PEG ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $6.14 EPS. As a group, sell-side analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 4,092 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares in the company, 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 document filed with the Securities & Exchange Commission, 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 directly owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,933 shares of company stock valued at $35,250,629 in the last three months. 3.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FICO has been the topic of several recent analyst reports. Barclays decreased their price objective 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. Wells Fargo & Company lowered their price objective on 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 cut their target price on 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. Bank of America initiated coverage on Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target on the stock. Finally, Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $2,299.31.

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.