Simplicity Solutions LLC boosted its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 98.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,471 shares of the technology company's stock after acquiring an additional 729 shares during the period. Simplicity Solutions LLC's holdings in Fair Isaac were worth $1,712,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FICO. KB Financial Partners LLC acquired a new position in shares of Fair Isaac in the 2nd quarter worth approximately $34,000. Clear Street Markets LLC acquired a new position in shares of Fair Isaac in the 1st quarter worth approximately $34,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Fair Isaac in the 4th quarter worth approximately $35,000. Headlands Technologies LLC acquired a new position in shares of Fair Isaac in the 3rd quarter worth approximately $42,000. Finally, Assetmark Inc. acquired a new position in shares of Fair Isaac in the 3rd quarter worth approximately $44,000. 85.75% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Needham & Company LLC upped their price objective on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a "buy" rating in a report on Friday, January 26th. Barclays upped their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, January 26th. Raymond James upped their price objective on Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $1,350.00 price objective on shares of Fair Isaac in a report on Friday, January 26th. Finally, Jefferies Financial Group upped their price objective on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a "buy" rating in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,187.20.
Read Our Latest Stock Report on Fair Isaac
Insider Buying and Selling
In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the sale, the chief executive officer now owns 20,638 shares in the company, valued at approximately $25,300,743.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.54% of the stock is currently owned by company insiders.
Fair Isaac Stock Down 2.1 %
FICO traded down $25.09 during trading on Monday, reaching $1,150.52. 172,257 shares of the stock traded hands, compared to its average volume of 165,032. The stock has a market capitalization of $28.59 billion, a PE ratio of 64.31, a P/E/G ratio of 2.60 and a beta of 1.21. The stock's 50-day moving average is $1,261.75 and its 200 day moving average is $1,134.53. Fair Isaac Co. has a 12 month low of $686.08 and a 12 month high of $1,349.75.
Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.11. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. The firm had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. As a group, equities research analysts anticipate that Fair Isaac Co. will post 19.95 EPS for the current year.
About Fair Isaac
(
Free Report)
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.
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