KP Management LLC Takes $1.89 Million Position in Fair Isaac Co. (NYSE:FICO)

KP Management LLC acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 950 shares of the technology company's stock, valued at approximately $1,891,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. raised its holdings in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after acquiring an additional 8 shares in the last quarter. Pinnacle Holdings LLC bought a new position in Fair Isaac during the fourth quarter valued at about $26,000. Berbice Capital Management LLC bought a new position in Fair Isaac during the fourth quarter valued at about $40,000. Avalon Trust Co bought a new position in Fair Isaac during the fourth quarter valued at about $40,000. Finally, OFI Invest Asset Management bought a new position in Fair Isaac during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on FICO. 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 report on Wednesday, February 26th. Wells Fargo & Company cut their target price 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. Robert W. Baird raised their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the company a "neutral" rating in a research report on Wednesday. Jefferies Financial Group lowered their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Finally, Raymond James raised their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Fair Isaac presently has an average rating of "Moderate Buy" and an average target price of $2,277.46.

Fair Isaac Stock Up 1.5 %

FICO traded up $28.93 during midday trading on Wednesday, reaching $1,990.43. 270,070 shares of the company's stock were exchanged, compared to its average volume of 178,759. The firm has a market capitalization of $48.60 billion, a price-to-earnings ratio of 91.35, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a one year low of $1,134.06 and a one year high of $2,402.52. The business has a 50-day simple moving average of $1,840.79 and a two-hundred day simple moving average of $1,978.31.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. The firm 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 company's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $6.14 earnings per share. As a group, research analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 13,058 shares of company stock worth $23,119,030. Insiders own 3.46% of the company's stock.

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.