Freestone Grove Partners LP Purchases Shares of 122 Fair Isaac Co. (NYSE:FICO)

Freestone Grove Partners LP acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 122 shares of the technology company's stock, valued at approximately $243,000.

Several other institutional investors have also modified their holdings of FICO. Nebula Research & Development LLC purchased a new position in Fair Isaac during the fourth quarter worth $2,540,000. Donoghue Forlines LLC purchased a new position in shares of Fair Isaac during the 4th quarter worth about $1,935,000. Czech National Bank grew its holdings in Fair Isaac by 5.7% during the 4th quarter. Czech National Bank now owns 5,280 shares of the technology company's stock valued at $10,512,000 after purchasing an additional 286 shares during the last quarter. Barclays PLC raised its position in Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after purchasing an additional 12,038 shares during the period. Finally, Brighton Jones LLC lifted its stake in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Up 1.8 %

Shares of FICO traded up $36.12 during trading hours on Wednesday, reaching $2,096.98. 159,907 shares of the company traded hands, compared to its average volume of 178,294. The business has a fifty day moving average price of $1,870.04 and a 200-day moving average price of $1,979.14. Fair Isaac Co. has a 12-month low of $1,238.69 and a 12-month high of $2,402.52. The stock has a market capitalization of $51.04 billion, a P/E ratio of 96.24, a P/E/G ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share 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 business had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. During the same quarter in the previous year, the business earned $6.14 EPS. The company's quarterly revenue was up 15.0% compared to the same quarter last year. As a group, research analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FICO shares. Jefferies Financial Group dropped their price objective on 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. Barclays lowered their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Wells Fargo & Company decreased their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Robert W. Baird raised 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 research report on Wednesday, April 30th. Finally, Raymond James boosted their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Three equities 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $2,277.46.

Insider Buying and Selling

In other news, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 9,974 shares of the company's stock, valued at $20,517,016.70. The trade was a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William J. Lansing sold 2,956 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $74,210,495.94. The trade was a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,135 shares of company stock valued at $31,505,623. Corporate insiders own 3.46% of the company's stock.

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.