Scientech Research LLC Decreases Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Scientech Research LLC decreased its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 675 shares of the technology company's stock after selling 183 shares during the period. Scientech Research LLC's holdings in Fair Isaac were worth $1,344,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Fair Isaac during the 4th quarter worth about $442,369,000. Wealthfront Advisers LLC grew its holdings in Fair Isaac by 5,217.6% during the 4th 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 in the last quarter. Proficio Capital Partners LLC bought a new position in Fair Isaac during the 4th quarter worth about $261,610,000. Arrowstreet Capital Limited Partnership grew its holdings in Fair Isaac by 376.1% during the 4th 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Fair Isaac during the 4th quarter worth about $199,441,000. Institutional investors own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FICO shares. Needham & Company LLC increased their target price on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Jefferies Financial Group restated a "buy" rating and issued a $2,500.00 price target (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday. Bank of America initiated coverage on shares of Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target on the stock. Raymond James raised 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 report on Wednesday, April 30th. Finally, Robert W. Baird raised their price target 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. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $2,299.31.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 592 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total value of $1,284,841.28. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $91,453,786.92. The trade was a 1.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the business'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 completion of the sale, the executive vice president now owns 9,974 shares in the company, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,933 shares of company stock worth $35,250,629 in the last quarter. Company insiders own 3.46% of the company's stock.

Fair Isaac Stock Performance

Fair Isaac stock opened at $2,199.97 on Friday. The company's fifty day moving average price is $1,915.89 and its 200 day moving average price is $1,985.66. 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 market capitalization of $53.55 billion, a P/E 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 released its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. During the same quarter last year, the company earned $6.14 EPS. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year. Sell-side analysts predict that Fair Isaac Co. will post 24.15 EPS for the current 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.

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