Valley Forge Capital Management LP Has $1.56 Billion Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Valley Forge Capital Management LP decreased its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 784,122 shares of the technology company's stock after selling 24,671 shares during the period. Fair Isaac accounts for about 34.4% of Valley Forge Capital Management LP's holdings, making the stock its biggest position. Valley Forge Capital Management LP owned about 3.21% of Fair Isaac worth $1,561,132,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Fair Isaac during the fourth quarter valued at about $442,369,000. Wealthfront Advisers LLC lifted its stake in shares of Fair Isaac by 5,217.6% during the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock valued at $292,728,000 after buying an additional 144,266 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Fair Isaac in the 4th quarter worth approximately $261,610,000. Arrowstreet Capital Limited Partnership grew its stake in Fair Isaac by 376.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock valued at $321,790,000 after buying an additional 127,679 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Fair Isaac during the 4th quarter valued at $199,441,000. 85.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FICO. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Needham & Company LLC lifted their target price on Fair Isaac from $2,500.00 to $2,575.00 and gave the company a "buy" rating in a report on Monday, May 12th. Jefferies Financial Group reissued a "buy" rating and issued a $2,500.00 price target (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Robert W. Baird upped their target price on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Finally, Oppenheimer raised their price target on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fair Isaac has an average rating of "Moderate Buy" and an average target price of $2,299.31.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the 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. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the transaction, the executive vice president now directly 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 quarter, insiders have sold 17,933 shares of company stock worth $35,250,629. Company insiders own 3.46% of the company's stock.

Fair Isaac Price Performance

NYSE:FICO opened at $2,202.57 on Tuesday. Fair Isaac Co. has a 1-year low of $1,266.72 and a 1-year high of $2,402.52. The business has a 50 day moving average of $1,924.41 and a 200 day moving average of $1,986.95. The company has a market capitalization of $53.61 billion, a price-to-earnings ratio of 101.08, a PEG ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $498.74 million during 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 was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.14 EPS. As a group, sell-side analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.