Moore Capital Management LP Lowers Position in Fair Isaac Co. (NYSE:FICO)

Moore Capital Management LP reduced its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 76.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 747 shares of the technology company's stock after selling 2,375 shares during the quarter. Moore Capital Management LP's holdings in Fair Isaac were worth $1,487,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Mechanics Bank Trust Department lifted its holdings in Fair Isaac by 5.7% during the 4th quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company's stock worth $223,000 after buying an additional 6 shares in the last quarter. Alpha Cubed Investments LLC lifted its holdings in Fair Isaac by 1.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company's stock worth $942,000 after buying an additional 6 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in Fair Isaac by 2.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company's stock worth $609,000 after buying an additional 6 shares in the last quarter. Mather Group LLC. lifted its holdings in Fair Isaac by 5.2% during the 4th quarter. Mather Group LLC. now owns 122 shares of the technology company's stock worth $243,000 after buying an additional 6 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in Fair Isaac by 1.0% during the 4th quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock worth $1,236,000 after buying an additional 6 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Up 0.9%

Shares of NYSE FICO traded up $19.53 during midday trading on Friday, hitting $2,199.97. The company had a trading volume of 163,779 shares, compared to its average volume of 175,296. Fair Isaac Co. has a twelve month low of $1,266.72 and a twelve month high of $2,402.52. The business has a 50-day simple moving average of $1,906.33 and a two-hundred day simple moving average of $1,984.43. The firm has a market capitalization 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.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating the consensus estimate of $7.33 by $0.48. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same quarter last year, the business earned $6.14 earnings per share. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. On average, equities analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FICO. Oppenheimer increased their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Jefferies Financial Group reissued a "buy" rating and issued a $2,500.00 price objective (up from $2,225.00) on shares of Fair Isaac in a research report on Wednesday. Bank of America started coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective on the stock. Wells Fargo & Company dropped their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Fair Isaac presently has a consensus rating of "Moderate Buy" and an average price target of $2,299.31.

Insiders Place Their Bets

In other news, Director Marc F. Mcmorris sold 797 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the transaction, the director now owns 242 shares of the company's stock, valued at $505,175. The trade was a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William J. Lansing sold 4,092 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 directly owns 42,138 shares of the company's stock, valued at approximately $72,801,401.22. This represents a 8.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,933 shares of company stock worth $35,250,629. 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.