Fred Alger Management LLC Acquires 181 Shares of Fair Isaac Co. (NYSE:FICO)

Fred Alger Management LLC raised its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 4.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,533 shares of the technology company's stock after buying an additional 181 shares during the quarter. Fred Alger Management LLC's holdings in Fair Isaac were worth $9,025,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FICO. Deutsche Bank AG lifted its holdings in Fair Isaac by 27.2% in the 4th quarter. Deutsche Bank AG now owns 102,909 shares of the technology company's stock valued at $204,885,000 after purchasing an additional 22,011 shares in the last quarter. Colonial Trust Co SC increased its position in Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after purchasing an additional 10 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Fair Isaac during the 4th quarter worth approximately $6,188,000. Centiva Capital LP grew its position in Fair Isaac by 597.4% in the fourth quarter. Centiva Capital LP now owns 1,088 shares of the technology company's stock valued at $2,166,000 after acquiring an additional 932 shares in the last quarter. Finally, BOKF NA grew its position in Fair Isaac by 9.2% in the fourth quarter. BOKF NA now owns 2,752 shares of the technology company's stock valued at $5,277,000 after acquiring an additional 233 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 4,092 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $72,801,401.22. The trade was a 8.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the transaction, the executive vice president now directly owns 9,974 shares of the company's stock, valued at approximately $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 17,135 shares of company stock worth $31,505,623 in the last ninety days. 3.46% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Bank of America began coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target for the company. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Jefferies Financial Group lowered their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Finally, Raymond James lifted their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $2,274.31.

Fair Isaac Price Performance

FICO stock traded up $43.90 during mid-day trading on Monday, reaching $2,132.12. The company had a trading volume of 182,027 shares, compared to its average volume of 177,237. The stock has a 50 day simple moving average of $1,884.47 and a two-hundred day simple moving average of $1,981.07. The company has a market capitalization of $51.90 billion, a price-to-earnings ratio of 97.85, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 52 week low of $1,266.72 and a 52 week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $500.45 million. During the same period in the previous year, the company posted $6.14 EPS. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year. On average, equities analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

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.