Mufg Securities Americas Inc. Buys New Position in Fair Isaac Co. (NYSE:FICO)

Mufg Securities Americas Inc. purchased a new position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 359 shares of the technology company's stock, valued at approximately $715,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Fair Isaac by 0.8% during 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 acquiring an additional 22,178 shares during the last quarter. JPMorgan Chase & Co. increased its position in Fair Isaac by 0.8% during the fourth 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 during the last quarter. Geode Capital Management LLC raised its stake in Fair Isaac by 2.7% during the fourth 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 during the period. Jennison Associates LLC raised its stake in Fair Isaac by 5.4% during the fourth 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 during the period. Finally, Northern Trust Corp boosted its holdings in shares of Fair Isaac by 20.1% in the 4th quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock valued at $506,096,000 after purchasing an additional 42,588 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Trading Down 0.4%

FICO opened at $2,128.25 on Thursday. Fair Isaac Co. has a twelve month low of $1,266.72 and a twelve month high of $2,402.52. The firm has a market cap of $51.81 billion, a price-to-earnings ratio of 97.67, a PEG ratio of 3.27 and a beta of 1.40. The company has a fifty day simple moving average of $1,896.63 and a 200 day simple moving average of $1,983.13.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its 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. The company had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The company's revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $6.14 earnings per share. On average, analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO William J. Lansing sold 4,092 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. This represents a 8.85% decrease in their position. The sale 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 the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the transaction, the director now directly owns 242 shares in the company, valued at $505,175. The trade was a 76.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,922 shares of company stock worth $22,325,938. 3.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Oppenheimer raised their price objective on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Robert W. Baird lifted their price objective on Fair Isaac from $1,775.00 to $1,837.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. UBS Group dropped their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, Needham & Company LLC lifted their price target on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a "buy" rating in a research report on Monday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,299.31.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.