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

Valley Forge Capital Management LP reduced its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 3.1% in the 4th quarter, according to its most recent filing 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 approximately 34.4% of Valley Forge Capital Management LP's investment portfolio, making the stock its largest holding. Valley Forge Capital Management LP owned approximately 3.21% of Fair Isaac worth $1,561,132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FICO. Barclays PLC grew its stake in Fair Isaac by 24.8% in the third quarter. Barclays PLC now owns 60,521 shares of the technology company's stock valued at $117,624,000 after acquiring an additional 12,038 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock valued at $1,308,460,000 after purchasing an additional 7,466 shares in the last quarter. Brookstone Capital Management bought a new stake in shares of Fair Isaac in the fourth quarter valued at about $206,000. Park Avenue Securities LLC lifted its holdings in shares of Fair Isaac by 3.8% in the fourth quarter. Park Avenue Securities LLC now owns 469 shares of the technology company's stock valued at $934,000 after purchasing an additional 17 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of Fair Isaac by 35.7% in the fourth quarter. Merit Financial Group LLC now owns 175 shares of the technology company's stock valued at $349,000 after purchasing an additional 46 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FICO has been the topic of a number of research reports. Oppenheimer boosted their price target on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Needham & Company LLC upped their target price on Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Barclays dropped their target price on 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 reiterated a "buy" rating and set a $2,500.00 target price (up previously from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Finally, Bank of America initiated 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 for the company. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fair Isaac currently has an average rating of "Moderate Buy" and an average target price of $2,299.31.

Insider Buying and Selling

In related news, Director Marc F. Mcmorris sold 797 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the sale, the director now owns 242 shares of the company's stock, valued at $505,175. This represents a 76.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William J. Lansing sold 592 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $2,170.34, for a total value of $1,284,841.28. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $91,453,786.92. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,933 shares of company stock valued at $35,250,629 over the last 90 days. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Price Performance

NYSE FICO traded down $5.17 during trading on Friday, reaching $1,695.15. 290,120 shares of the company's stock were exchanged, compared to its average volume of 180,605. The business has a 50 day moving average price of $1,923.01 and a 200-day moving average price of $1,980.43. The stock has a market capitalization of $41.26 billion, a P/E ratio of 77.79, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a fifty-two week low of $1,266.72 and a fifty-two week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results 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 negative return on equity of 53.40% and a net margin of 30.66%. The company had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. During the same quarter in the prior year, the business earned $6.14 earnings per share. The firm's revenue for the quarter was up 15.0% on a year-over-year basis. On average, analysts forecast that Fair Isaac Co. will post 24.15 earnings per share 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.