Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in Fair Isaac Co. (NYSE:FICO)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 141.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,491 shares of the technology company's stock after purchasing an additional 6,141 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Fair Isaac were worth $12,212,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. KB Financial Partners LLC acquired a new position in shares of Fair Isaac during the 2nd quarter valued at $34,000. Clear Street Markets LLC acquired a new position in shares of Fair Isaac during the 1st quarter valued at $34,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Fair Isaac during the 4th quarter valued at $35,000. Headlands Technologies LLC acquired a new position in shares of Fair Isaac during the 3rd quarter valued at $42,000. Finally, Assetmark Inc. bought a new stake in Fair Isaac during the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the company's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the sale, the chief executive officer now directly owns 20,638 shares of the company's stock, valued at $25,300,743.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold a total of 24,000 shares of company stock valued at $29,011,120 over the last three months. 3.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FICO has been the subject of a number of recent research reports. Raymond James boosted their price target on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the company an "outperform" rating in a research note on Friday, January 26th. Jefferies Financial Group boosted their price target on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a "buy" rating in a research note on Wednesday, January 17th. Royal Bank of Canada restated a "sector perform" rating and set a $1,350.00 price target on shares of Fair Isaac in a research note on Friday, January 26th. Redburn Atlantic initiated coverage on shares of Fair Isaac in a research note on Tuesday. They issued a "neutral" rating and a $1,113.00 target price for the company. Finally, Needham & Company LLC upped their target price on shares of Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued 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 $1,180.45.

Fair Isaac Stock Down 2.8 %

FICO traded down $32.19 during trading on Friday, hitting $1,130.06. 156,442 shares of the company traded hands, compared to its average volume of 133,387. The firm has a market cap of $28.08 billion, a P/E ratio of 63.17, a price-to-earnings-growth ratio of 2.57 and a beta of 1.21. The stock's fifty day moving average is $1,250.01 and its 200 day moving average is $1,140.79. Fair Isaac Co. has a one year low of $692.87 and a one year high of $1,349.75.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.76 by $0.11. The business had revenue of $382.06 million for the quarter, compared to the consensus estimate of $386.55 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. On average, equities research analysts forecast that Fair Isaac Co. will post 19.95 EPS for the current fiscal year.

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.