Quarry LP Purchases 327 Shares of Fair Isaac Co. (NYSE:FICO)

Quarry LP boosted its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 860.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365 shares of the technology company's stock after purchasing an additional 327 shares during the period. Quarry LP's holdings in Fair Isaac were worth $727,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FICO. KP Management LLC bought a new position in Fair Isaac in the 4th quarter valued at $1,891,000. Aquatic Capital Management LLC bought a new position in Fair Isaac in the fourth quarter valued at about $11,601,000. Johnson Financial Group Inc. increased its position in Fair Isaac by 271.4% in the fourth quarter. Johnson Financial Group Inc. now owns 52 shares of the technology company's stock worth $97,000 after purchasing an additional 38 shares during the period. Boothbay Fund Management LLC raised its holdings in Fair Isaac by 298.2% during the 4th quarter. Boothbay Fund Management LLC now owns 434 shares of the technology company's stock worth $864,000 after purchasing an additional 325 shares during the last quarter. Finally, Three Seasons Wealth LLC acquired a new position in Fair Isaac during the 4th quarter valued at about $2,302,000. Institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Up 0.9 %

Shares of NYSE:FICO traded up $18.62 during midday trading on Thursday, reaching $2,008.30. 197,856 shares of the company were exchanged, compared to its average volume of 178,836. The firm has a market cap of $49.04 billion, a PE ratio of 92.17, a P/E/G ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a fifty-two week low of $1,134.06 and a fifty-two week high of $2,402.52. The stock has a fifty day simple moving average of $1,846.66 and a two-hundred day simple moving average of $1,978.39.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.33 by $0.48. The firm had revenue of $498.74 million for 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 for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted $6.14 EPS. As a group, analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FICO shares. Barclays dropped their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Wells Fargo & Company cut 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 note on Wednesday, February 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday. Raymond James raised their target price on Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Jefferies Financial Group lowered their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $2,277.46.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 2,956 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $74,210,495.94. The trade was a 6.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 13,058 shares of company stock worth $23,119,030. Corporate 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.