Tower Research Capital LLC TRC Has $3.07 Million Stake in Fair Isaac Co. (NYSE:FICO)

Tower Research Capital LLC TRC grew its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 119.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,540 shares of the technology company's stock after buying an additional 837 shares during the period. Tower Research Capital LLC TRC's holdings in Fair Isaac were worth $3,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. MetLife Investment Management LLC lifted its holdings in shares of Fair Isaac by 0.6% during the 4th quarter. MetLife Investment Management LLC now owns 7,322 shares of the technology company's stock valued at $14,578,000 after acquiring an additional 43 shares in the last quarter. Natixis acquired a new position in shares of Fair Isaac during the 4th quarter valued at $22,257,000. NWK Group Inc. boosted its position in Fair Isaac by 1.4% in the 4th quarter. NWK Group Inc. now owns 2,884 shares of the technology company's stock valued at $5,742,000 after buying an additional 41 shares during the last quarter. Norinchukin Bank The grew its stake in shares of Fair Isaac by 4.4% during the fourth quarter. Norinchukin Bank The now owns 1,685 shares of the technology company's stock valued at $3,355,000 after acquiring an additional 71 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Fair Isaac by 2.2% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,750 shares of the technology company's stock worth $27,375,000 after acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 2,956 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $74,210,495.94. This represents a 6.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 13,058 shares of company stock valued at $23,119,030 over the last ninety days. Insiders own 3.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group lowered their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Wells Fargo & Company lowered their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Robert W. Baird lowered their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Needham & Company LLC restated a "buy" rating and set a $2,500.00 price objective on shares of Fair Isaac in a research note on Friday, April 11th. Finally, Barclays decreased their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,276.25.

Fair Isaac Price Performance

Shares of FICO traded up $16.04 during midday trading on Friday, reaching $1,952.85. The stock had a trading volume of 182,409 shares, compared to its average volume of 178,930. The company has a market capitalization of $47.68 billion, a P/E ratio of 89.62, a P/E/G ratio of 3.27 and a beta of 1.37. The firm's 50 day moving average price is $1,832.51 and its 200-day moving average price is $1,979.12. Fair Isaac Co. has a 52 week low of $1,112.65 and a 52 week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, equities analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Fair Isaac 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.