SG Americas Securities LLC Takes $16.51 Million Position in Fair Isaac Co. (NYSE:FICO)

SG Americas Securities LLC acquired a new stake in Fair Isaac Co. (NYSE:FICO) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,954 shares of the technology company’s stock, valued at approximately $16,513,000.

Several other hedge funds also recently modified their holdings of the business. Rakuten Securities Inc. lifted its position in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after purchasing an additional 8 shares during the period. Pinnacle Holdings LLC bought a new position in Fair Isaac in the fourth quarter worth $26,000. Avalon Trust Co bought a new position in Fair Isaac in the fourth quarter worth $40,000. OFI Invest Asset Management bought a new position in Fair Isaac in the fourth quarter worth $42,000. Finally, Colonial Trust Co SC lifted its position in Fair Isaac by 71.4% in the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company’s stock worth $48,000 after purchasing an additional 10 shares during the period. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Up 2.0%

Shares of FICO stock opened at $1,784.17 on Wednesday. The firm has a market cap of $43.43 billion, a price-to-earnings ratio of 81.88, a PEG ratio of 3.27 and a beta of 1.29. Fair Isaac Co. has a 12 month low of $1,287.99 and a 12 month high of $2,402.52. The stock has a 50-day moving average price of $1,886.05 and a 200 day moving average price of $1,930.80.

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

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 592 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $2,170.34, for a total transaction of $1,284,841.28. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $91,453,786.92. The trade was a 1.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marc F. Mcmorris sold 797 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the transaction, the director now owns 242 shares of the company’s stock, valued at $505,175. The trade was a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,841 shares of company stock valued at $28,180,921. 3.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FICO has been the subject of several research reports. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Bank of America began coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $2,575.00 price objective on shares of Fair Isaac in a research note on Tuesday. Barclays cut their price objective on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a report on Friday, April 4th. Finally, Robert W. Baird raised Fair Isaac from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,304.15.

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.