Fair Isaac Co. (NYSE:FICO) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Fair Isaac Co. (NYSE:FICO) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,414 shares of the technology company’s stock after acquiring an additional 93 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Fair Isaac were worth $2,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Fair Isaac during the fourth quarter valued at approximately $35,000. Headlands Technologies LLC acquired a new stake in Fair Isaac during the third quarter valued at approximately $42,000. Assetmark Inc. acquired a new stake in Fair Isaac during the third quarter valued at approximately $44,000. KB Financial Partners LLC lifted its stake in Fair Isaac by 26.2% during the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock valued at $46,000 after purchasing an additional 11 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in Fair Isaac during the third quarter valued at approximately $50,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the transaction, the chief executive officer now owns 20,638 shares in the company, valued at approximately $25,300,743.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 24,000 shares of company stock worth $29,011,120. 3.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FICO has been the subject of several recent research reports. Raymond James increased their target price on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $1,350.00 target price on shares of Fair Isaac in a research note on Friday, January 26th. Barclays upped their price target on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Jefferies Financial Group upped their price target on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Redburn Atlantic began coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,180.45.

Fair Isaac Stock Performance

Fair Isaac stock opened at $1,188.40 on Wednesday. The firm has a market cap of $29.53 billion, a PE ratio of 66.43, a P/E/G ratio of 2.55 and a beta of 1.21. The firm’s 50 day moving average price is $1,245.39 and its two-hundred day moving average price is $1,147.01. Fair Isaac Co. has a twelve month low of $708.00 and a twelve month high of $1,349.75.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.11. The firm had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. Equities analysts anticipate that Fair Isaac Co. will post 19.95 EPS for the current fiscal year.

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.