Fair Isaac Co. (NYSE:FICO) Shares Acquired by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. grew its position in Fair Isaac Co. (NYSE:FICO) by 2.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,299 shares of the technology company’s stock after acquiring an additional 27 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Fair Isaac were worth $1,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FICO. State Street Corp increased its position in shares of Fair Isaac by 20.3% during the first quarter. State Street Corp now owns 996,863 shares of the technology company’s stock worth $700,484,000 after purchasing an additional 168,468 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Fair Isaac by 0.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 929,015 shares of the technology company’s stock valued at $556,090,000 after purchasing an additional 5,225 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fair Isaac by 48.9% in the 1st quarter. Geode Capital Management LLC now owns 577,240 shares of the technology company’s stock valued at $405,140,000 after purchasing an additional 189,562 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Fair Isaac by 1.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 457,738 shares of the technology company’s stock valued at $397,560,000 after purchasing an additional 4,584 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Fair Isaac by 25.0% in the 4th quarter. Morgan Stanley now owns 449,919 shares of the technology company’s stock valued at $269,313,000 after purchasing an additional 89,888 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FICO has been the subject of several research reports. Barclays boosted their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Jefferies Financial Group boosted their target price on Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a report on Friday, January 26th. Raymond James boosted their target price on Fair Isaac from $1,214.00 to $1,400.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Needham & Company LLC upped their price objective on Fair Isaac from $1,100.00 to $1,500.00 and gave the company a “buy” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,180.45.

Fair Isaac Stock Up 0.2 %

FICO opened at $1,152.27 on Wednesday. The business has a 50 day moving average price of $1,259.59 and a two-hundred day moving average price of $1,136.53. The company has a market cap of $28.63 billion, a PE ratio of 64.41, a P/E/G ratio of 2.55 and a beta of 1.21. Fair Isaac Co. has a 52 week low of $686.08 and a 52 week high of $1,349.75.

Fair Isaac (NYSE:FICO) last released its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.11. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. The company had revenue of $382.06 million for the quarter, compared to analysts’ expectations of $386.55 million. As a group, sell-side analysts expect that Fair Isaac Co. will post 19.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the transaction, the chief executive officer now owns 28,638 shares in the company, valued at approximately $36,081,302.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.54% of the stock is currently owned by insiders.

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.