Millennium Management LLC Grows Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Millennium Management LLC increased its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 663.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,349 shares of the technology company's stock after acquiring an additional 94,150 shares during the period. Millennium Management LLC owned approximately 0.44% of Fair Isaac worth $215,715,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FICO. Vanguard Group Inc. lifted its stake in Fair Isaac by 0.8% in 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 buying an additional 22,178 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Fair Isaac by 0.8% in 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 in the last quarter. Geode Capital Management LLC lifted its stake in Fair Isaac by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock worth $1,318,630,000 after purchasing an additional 17,656 shares in the last quarter. Jennison Associates LLC lifted 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 purchasing an additional 13,133 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Fair Isaac by 20.1% in the 4th quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock worth $506,096,000 after purchasing an additional 42,588 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded up $19.53 during trading on Friday, hitting $2,199.97. 163,779 shares of the stock were exchanged, compared to its average volume of 175,009. The stock has a market cap of $53.55 billion, a price-to-earnings ratio of 100.96, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. The firm's 50-day moving average price is $1,915.89 and its 200 day moving average price is $1,985.51. Fair Isaac Co. has a 12-month low of $1,266.72 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.33 by $0.48. The business 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% on a year-over-year basis. During the same period in the previous year, the company earned $6.14 EPS. As a group, research analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Needham & Company LLC raised their price target on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Bank of America assumed coverage on shares of Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target for the company. Barclays cut their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Wells Fargo & Company cut their price target 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. Finally, Jefferies Financial Group restated a "buy" rating and set a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a report on Wednesday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $2,299.31.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the transaction, the executive vice president now directly owns 9,974 shares in the company, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Marc F. Mcmorris sold 797 shares of Fair Isaac stock in a transaction on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the completion of the transaction, the director now owns 242 shares in the company, valued at approximately $505,175. This represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,933 shares of company stock valued at $35,250,629 over the last ninety days. Insiders own 3.46% of the company's stock.

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.