Fair Isaac Co. (NYSE:FICO) Shares Purchased by DnB Asset Management AS

DnB Asset Management AS boosted its stake in shares of Fair Isaac Co. (NYSE:FICO) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,282 shares of the technology company’s stock after buying an additional 252 shares during the quarter. DnB Asset Management AS’s holdings in Fair Isaac were worth $8,525,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. boosted its position in shares of Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after purchasing an additional 8 shares during the period. True Wealth Design LLC boosted its position in shares of Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after buying an additional 18 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of Fair Isaac in the fourth quarter valued at $40,000. Avalon Trust Co purchased a new stake in shares of Fair Isaac in the 4th quarter valued at $40,000. Finally, OFI Invest Asset Management acquired a new position in Fair Isaac during the 4th quarter worth about $42,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of recent research reports. Jefferies Financial Group cut their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” 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 target price on shares of Fair Isaac in a research note on Wednesday, February 5th. UBS Group decreased their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. The Goldman Sachs Group upped their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. initiated coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price for the company. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

Fair Isaac Trading Down 2.0 %

FICO stock opened at $1,834.32 on Friday. The company’s 50 day moving average is $1,828.54 and its two-hundred day moving average is $1,990.76. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.52. The stock has a market cap of $44.79 billion, a P/E ratio of 84.18, a PEG ratio of 3.27 and a beta of 1.41.

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

Insiders Place Their Bets

In related news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the transaction, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. The trade was a 5.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William J. Lansing sold 4,092 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,241 shares of company stock valued at $18,186,184 over the last quarter. 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.