PineBridge Investments LP reduced its holdings in Fair Isaac Corp. (NYSE:FICO – free report ) by 16.5% during the fourth quarter, the fund said in its latest 13F filing with the Securities and Exchange Commission. The fund sold 122 shares during the quarter to hold 618 shares of the technology company. PineBridge Investments LP’s holdings of Fair Isaac were worth $719,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings in the company’s stock. McGlone Suttner Wealth Management Inc. purchased a new stake of $35,000 in Fair Isaac shares in the fourth quarter. DSM Capital Partners LLC purchased a new stake of $37,000 in Fair Isaac shares in the fourth quarter. First Horizon Advisors Inc. increased its holdings in Fair Isaac by 28.1% in the fourth quarter. The firm now owns 41 shares of the technology company’s stock valued at $48,000 after purchasing an additional nine shares during the period. GAMMA Investing LLC purchased a new stake of $50,000 in Fair Isaac shares in the fourth quarter. Finally, Headlands Technologies LLC purchased a new stake of $42,000 in Fair Isaac shares in the third quarter. Institutional investors now own 85.75% of the company’s shares.
What Wall Street analysts are saying
Several research firms have commented on FICO recently. Raymond James boosted their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Redburn Atlantic initiated coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. The firm gave the stock a “neutral” rating and a $1,113.00 price target. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 price target on Fair Isaac shares in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, and six have given a buy rating. According to MarketBeat.com, Fair Isaac has a consensus rating of a “moderate buy” and a consensus price target of $1,274.33.
Read FICO’s latest stock report
Fair Isaac Stock Performance
NYSE:FICO opened trading at $1,310.32 on Monday. Fair Isaac Inc.’s 52-week low is $756.11 and its 52-week high is $1,451.78. The stock has a market cap of $32.38 billion, a P/E ratio of 68.78, a P/G ratio of 3.53 and a beta of 1.31. The company’s 50-day simple moving average is $1,260.31 and its 200-day simple moving average is $1,229.87.
Fair Isaac (NYSE:FICO – Get free report ) announced its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.89 by $0.20. Fair Isaac had net margins of 29.99% and return on equity of -62.28%. Revenues for the quarter were $433.81 million, beating analysts’ estimates of $425.94 million. On average, research analysts expect Fair Isaac to post earnings of $19.75 per share for the year.
Insider Activities
In other news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the sale, the CEO now directly owns 12,638 shares of the company’s stock, valued at approximately $14,414,270.90. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this link . In related news, Director Joanna Rees sold 1,000 shares of Fair Isaac stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total value of $1,255,000.00.Following the completion of the sale, the director now directly owns 21,118 shares of the company’s stock, valued at approximately $26,503,090. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed on the SEC’s website. Additionally, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction value of $9,124,400.00. Following the completion of the sale, the CEO now owns 12,638 shares of the company’s stock, valued at $14,414,270.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,423 shares of the company’s stock, valued at $22,142,247. Company insiders own 3.54% of the company’s shares.
About Fair Isaac
(Free report)
Fair Isaac Corporation develops analytics, software and digital decision-making technology and services that enable businesses to automate, enhance and connect decision-making across the Americas, Europe, the Middle East, Africa and Asia Pacific. The company operates through two segments: Score and Software. The Software segment offers pre-configured analytics and decision management solutions designed for a variety of business needs and processes, including account opening, customer management, customer engagement, fraud detection, financial crime compliance, marketing and related professional services.
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