BNP PARIBAS ASSET MANAGEMENT Holding S.A. Decreases Stake in Fair Isaac Co. (NYSE:FICO)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its position in Fair Isaac Co. (NYSE:FICO) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,519 shares of the technology company’s stock after selling 86 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Fair Isaac were worth $10,645,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. acquired a new position in shares of Fair Isaac in the 4th quarter valued at $249,000. Patton Fund Management Inc. boosted its holdings in shares of Fair Isaac by 88.1% in the 4th quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock valued at $5,378,000 after buying an additional 2,164 shares in the last quarter. Commerce Bank boosted its holdings in shares of Fair Isaac by 704.8% in the 1st quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after buying an additional 5,328 shares in the last quarter. Seven Eight Capital LP boosted its holdings in shares of Fair Isaac by 140.0% in the 4th quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock valued at $1,676,000 after buying an additional 840 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Fair Isaac by 44.5% in the 1st quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock valued at $36,883,000 after buying an additional 9,094 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 1.2 %

Shares of FICO traded up $18.64 during trading hours on Thursday, reaching $1,621.44. The company had a trading volume of 35,094 shares, compared to its average volume of 180,061. The firm has a 50 day simple moving average of $1,423.15 and a 200-day simple moving average of $1,298.52. The company has a market capitalization of $40.07 billion, a price-to-earnings ratio of 84.14, a PEG ratio of 4.35 and a beta of 1.34. Fair Isaac Co. has a 12-month low of $810.26 and a 12-month high of $1,635.68.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.89 by $0.20. The business had revenue of $433.81 million during the quarter, compared to the consensus estimate of $425.94 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. Sell-side analysts forecast that Fair Isaac Co. will post 19.73 earnings per share for the current year.

Insider Activity

In other news, Director Joanna Rees sold 1,000 shares of the stock in a transaction dated 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 transaction, the director now owns 21,118 shares in the company, valued at approximately $26,503,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fair Isaac news, EVP Richard Deal sold 13,591 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the transaction, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joanna Rees sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total transaction of $1,255,000.00. Following the transaction, the director now owns 21,118 shares of the company’s stock, valued at $26,503,090. The disclosure for this sale can be found here. Insiders sold 16,014 shares of company stock worth $21,888,518 in the last 90 days. 3.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Redburn Atlantic assumed coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price target for the company. Wolfe Research assumed coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 price target on shares of Fair Isaac in a research note on Tuesday, June 11th. Finally, Raymond James increased their price target on shares of 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,319.40.

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.