Acadian Asset Management LLC Boosts Position in Fair Isaac Co. (NYSE:FICO)

Acadian Asset Management LLC lifted its stake in shares of Fair Isaac Co. (NYSE:FICO) by 9.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,230 shares of the technology company’s stock after acquiring an additional 1,918 shares during the period. Acadian Asset Management LLC owned 0.09% of Fair Isaac worth $26,513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Fair Isaac by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after purchasing an additional 35,263 shares during the last quarter. International Assets Investment Management LLC grew its position in Fair Isaac by 112,366.2% in the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock valued at $464,737,000 after acquiring an additional 398,900 shares in the last quarter. Principal Financial Group Inc. grew its position in Fair Isaac by 30.2% in the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after acquiring an additional 82,699 shares in the last quarter. Franklin Resources Inc. grew its position in Fair Isaac by 25.2% in the 4th quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock valued at $330,072,000 after acquiring an additional 57,010 shares in the last quarter. Finally, Norges Bank acquired a new position in Fair Isaac in the 4th quarter valued at about $259,509,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In other news, EVP Mark R. Scadina sold 423 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total value of $580,406.76. Following the completion of the sale, the executive vice president now owns 32,229 shares in the company, valued at $44,222,055.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Mark R. Scadina sold 423 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total value of $580,406.76. Following the completion of the sale, the executive vice president now owns 32,229 shares in the company, valued at $44,222,055.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Richard Deal sold 13,591 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the completion of the sale, the executive vice president now owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The disclosure for this sale can be found here. Insiders have sold a total of 16,014 shares of company stock worth $21,888,518 in the last three months. 3.54% of the stock is currently owned by company insiders.

Fair Isaac Trading Up 2.7 %

Shares of NYSE:FICO traded up $43.07 on Monday, hitting $1,633.86. The company had a trading volume of 77,101 shares, compared to its average volume of 180,243. The business has a 50 day moving average of $1,434.29 and a 200 day moving average of $1,305.95. Fair Isaac Co. has a 52-week low of $810.26 and a 52-week high of $1,643.55. The company has a market cap of $40.37 billion, a PE ratio of 83.51, a PEG ratio of 4.29 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last released its earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, topping the consensus estimate of $4.89 by $0.20. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. The firm had revenue of $433.81 million for the quarter, compared to the consensus estimate of $425.94 million. As a group, equities analysts predict that Fair Isaac Co. will post 19.73 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on FICO. Redburn Atlantic began coverage on Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a research note on Tuesday, June 11th. Raymond James boosted their target price 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. Finally, Wolfe Research began coverage on Fair Isaac in a research note on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.