Point72 Hong Kong Ltd Takes Position in Fair Isaac Co. (NYSE:FICO)

Point72 Hong Kong Ltd bought a new position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,423 shares of the technology company's stock, valued at approximately $4,824,000.

Several other institutional investors have also recently made changes to their positions in FICO. Norges Bank acquired a new position in Fair Isaac during the fourth quarter worth about $442,369,000. Wealthfront Advisers LLC boosted its position in Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock worth $292,728,000 after acquiring an additional 144,266 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Fair Isaac during the fourth quarter worth about $261,610,000. Arrowstreet Capital Limited Partnership boosted its position in Fair Isaac by 376.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock worth $321,790,000 after acquiring an additional 127,679 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Fair Isaac during the fourth quarter worth about $199,441,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Up 0.9%

FICO traded up $19.53 during trading on Friday, hitting $2,199.97. 163,779 shares of the company's stock were exchanged, compared to its average volume of 175,009. Fair Isaac Co. has a 1 year low of $1,266.72 and a 1 year high of $2,402.52. The stock has a 50 day moving average price of $1,915.89 and a 200 day moving average price of $1,985.51. The firm has a market cap of $53.55 billion, a P/E 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 released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping 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 net margin of 30.66% and a negative return on equity of 53.40%. Fair Isaac's revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $6.14 earnings per share. Analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on FICO. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Robert W. Baird boosted their target price on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Needham & Company LLC boosted their target price on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a "buy" rating in a report on Monday, May 12th. Wells Fargo & Company decreased 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 report on Wednesday, February 5th. Finally, Bank of America assumed coverage on shares of Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and an average target price of $2,299.31.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 592 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total transaction of $1,284,841.28. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $91,453,786.92. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the transaction, the executive vice president now owns 9,974 shares of the company's stock, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,933 shares of company stock valued at $35,250,629. Company insiders own 3.46% of the company's stock.

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.