Fair Isaac Co. (NYSE:FICO) Stake Boosted by First Trust Advisors LP

First Trust Advisors LP lifted its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,170 shares of the technology company's stock after acquiring an additional 1,574 shares during the quarter. First Trust Advisors LP owned 0.09% of Fair Isaac worth $46,131,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Fair Isaac by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock valued at $5,781,051,000 after purchasing an additional 22,178 shares during the last quarter. JPMorgan Chase & Co. grew its position in Fair Isaac by 0.8% during the 4th quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock worth $1,351,073,000 after purchasing an additional 5,371 shares during the last quarter. Geode Capital Management LLC increased its stake in Fair Isaac by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock valued at $1,318,630,000 after purchasing an additional 17,656 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock worth $724,122,000 after buying an additional 1,977 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Fair Isaac by 5.4% in the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company's stock worth $506,257,000 after acquiring an additional 13,133 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Insider Activity

In other Fair Isaac 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 value of $7,069,707.48. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 13,058 shares of company stock worth $23,119,030. Corporate insiders own 3.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group decreased 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 research note on Monday, January 27th. Robert W. Baird decreased their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $2,500.00 target price on shares of Fair Isaac in a report on Friday, April 11th. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group cut their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of "Moderate Buy" and an average price target of $2,276.25.

Fair Isaac Stock Up 0.6 %

Shares of NYSE FICO traded up $12.63 during midday trading on Tuesday, hitting $1,955.90. The stock had a trading volume of 38,353 shares, compared to its average volume of 178,477. Fair Isaac Co. has a 1-year low of $1,112.65 and a 1-year high of $2,402.52. The company has a market capitalization of $47.76 billion, a price-to-earnings ratio of 89.80, a PEG ratio of 3.27 and a beta of 1.37. The company has a fifty day moving average price of $1,836.28 and a 200 day moving average price of $1,978.51.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing analysts' consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. On average, research analysts forecast 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.