Pinebridge Investments L.P. Purchases 2,140 Shares of Fair Isaac Co. (NYSE:FICO)

Pinebridge Investments L.P. increased its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 345.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,759 shares of the technology company's stock after purchasing an additional 2,140 shares during the quarter. Pinebridge Investments L.P.'s holdings in Fair Isaac were worth $5,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. raised its position in Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after purchasing an additional 8 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in shares of Fair Isaac during the fourth quarter valued at approximately $26,000. Berbice Capital Management LLC bought a new position in shares of Fair Isaac during the fourth quarter valued at approximately $40,000. Avalon Trust Co bought a new stake in Fair Isaac in the fourth quarter valued at $40,000. Finally, OFI Invest Asset Management purchased a new position in Fair Isaac during the 4th quarter valued at $42,000. 85.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FICO shares. UBS Group cut their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. 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 report on Wednesday. Jefferies Financial Group decreased their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company dropped their price target on 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, Bank of America initiated coverage on Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective for the company. 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, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus target price of $2,277.46.

Fair Isaac Trading Up 1.2 %

NYSE:FICO traded up $24.30 on Wednesday, reaching $1,985.80. 81,710 shares of the stock traded hands, compared to its average volume of 178,156. The company has a market capitalization of $48.49 billion, a price-to-earnings ratio of 91.13, a PEG ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a 12 month low of $1,131.03 and a 12 month high of $2,402.52. The company's fifty day simple moving average is $1,840.79 and its 200 day simple moving average is $1,978.31.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same period in the previous year, the business earned $6.14 EPS. The firm's revenue for the quarter was up 15.0% on a year-over-year basis. Equities analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Activity

In related news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 13,058 shares of company stock valued at $23,119,030 over the last ninety days. 3.46% of the stock is currently owned by corporate insiders.

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.