AGF Management Ltd. Grows Stake in Fair Isaac Co. (NYSE:FICO)

AGF Management Ltd. grew its holdings in Fair Isaac Co. (NYSE:FICO) by 62.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 639 shares of the technology company’s stock after buying an additional 245 shares during the quarter. AGF Management Ltd.’s holdings in Fair Isaac were worth $1,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp lifted its holdings in Fair Isaac by 0.5% in the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock worth $2,031,299,000 after buying an additional 5,472 shares during the period. JPMorgan Chase & Co. lifted its holdings in Fair Isaac by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock worth $1,308,460,000 after buying an additional 7,466 shares during the period. Geode Capital Management LLC lifted its holdings in Fair Isaac by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock worth $1,251,537,000 after buying an additional 6,510 shares during the period. Principal Financial Group Inc. lifted its holdings in Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after buying an additional 1,977 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of Fair Isaac by 5.4% in the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company’s stock valued at $506,257,000 after purchasing an additional 13,133 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Marc F. Mcmorris sold 520 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the sale, the director now directly owns 242 shares of the company’s stock, valued at $520,921.94. This represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,761 shares of company stock valued at $19,305,521 over the last 90 days. Company insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of research analyst reports. Jefferies Financial Group lowered their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Needham & Company LLC restated a “buy” rating and issued a $2,500.00 target price on shares of Fair Isaac in a research note on Wednesday, February 5th. The Goldman Sachs Group raised their target price on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company lowered their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group lowered their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,088.15.

Fair Isaac Trading Up 3.4 %

Shares of NYSE:FICO opened at $1,802.42 on Friday. The stock has a market capitalization of $44.01 billion, a price-to-earnings ratio of 82.72, a PEG ratio of 3.27 and a beta of 1.41. The stock has a fifty day simple moving average of $1,845.26 and a two-hundred day simple moving average of $1,980.10. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. As a group, equities research analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

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.