Rafferty Asset Management LLC Cuts Stock Position in Fair Isaac Co. (NYSE:FICO)

Rafferty Asset Management LLC trimmed its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,403 shares of the technology company's stock after selling 152 shares during the period. Rafferty Asset Management LLC's holdings in Fair Isaac were worth $16,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. Barclays PLC raised its position in Fair Isaac by 24.8% during the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after buying an additional 12,038 shares during the last quarter. JPMorgan Chase & Co. raised its position in Fair Isaac by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock worth $1,308,460,000 after buying an additional 7,466 shares during the last quarter. Brookstone Capital Management purchased a new position in Fair Isaac during the 4th quarter worth approximately $206,000. Fifth Third Wealth Advisors LLC raised its position in Fair Isaac by 15.5% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $577,000 after buying an additional 39 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Fair Isaac by 650.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 18,810 shares of the technology company's stock worth $37,449,000 after buying an additional 16,305 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FICO. Wells Fargo & Company dropped their price objective on shares of 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. Jefferies Financial Group reissued a "buy" rating and issued a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Raymond James lifted their price target on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Needham & Company LLC lifted their price target on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Fair Isaac currently has an average rating of "Moderate Buy" and an average price target of $2,299.31.

Insider Activity

In related news, CEO William J. Lansing sold 4,092 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $72,801,401.22. The trade was a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marc F. Mcmorris sold 797 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the completion of the sale, the director now owns 242 shares in the company, valued at approximately $505,175. This trade represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,933 shares of company stock valued at $35,250,629. 3.46% of the stock is currently owned by insiders.

Fair Isaac Trading Up 0.9%

FICO traded up $19.53 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 fifty-two week low of $1,266.72 and a fifty-two week high of $2,402.52. The firm has a 50-day moving average price of $1,915.89 and a 200-day moving average price of $1,985.45. The stock has a market cap of $53.55 billion, a price-to-earnings ratio of 100.96, a P/E/G ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share 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 analysts' expectations of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The company's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.14 EPS. On average, equities analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

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.