Ethic Inc. Purchases 697 Shares of Fair Isaac Co. (NYSE:FICO)

Ethic Inc. increased its position in Fair Isaac Co. (NYSE:FICO) by 31.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,902 shares of the technology company’s stock after acquiring an additional 697 shares during the period. Ethic Inc.’s holdings in Fair Isaac were worth $5,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its holdings in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after purchasing an additional 8 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in Fair Isaac in the 4th quarter worth about $26,000. Berbice Capital Management LLC bought a new position in Fair Isaac during the 4th quarter valued at about $40,000. Avalon Trust Co bought a new position in Fair Isaac during the 4th quarter valued at about $40,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Fair Isaac during the 4th quarter valued at about $42,000. 85.75% of the stock is owned by institutional investors.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the transaction, the executive vice president now owns 9,974 shares of the company’s stock, valued at approximately $20,517,016.70. This represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,135 shares of company stock valued at $31,505,623 over the last 90 days. Company insiders own 3.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on FICO shares. UBS Group lowered their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company lowered their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Bank of America assumed coverage on Fair Isaac in a report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price objective for the company. Jefferies Financial Group lowered their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Oppenheimer boosted their price target on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an “outperform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $2,268.54.

Fair Isaac Trading Down 0.8 %

NYSE FICO opened at $2,089.01 on Friday. Fair Isaac Co. has a 12 month low of $1,266.72 and a 12 month high of $2,402.52. The stock has a market cap of $50.85 billion, a price-to-earnings ratio of 95.87, a PEG ratio of 3.27 and a beta of 1.40. The company’s 50 day moving average is $1,879.31 and its two-hundred day moving average is $1,980.37.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating the consensus estimate of $7.33 by $0.48. The firm had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The company’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $6.14 EPS. Sell-side analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

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.