Frontier Capital Management Co. LLC Has $81.86 Million Stock Position in Fair Isaac Co. (NYSE:FICO)

Frontier Capital Management Co. LLC cut its stake in shares of Fair Isaac Co. (NYSE:FICOFree Report) by 40.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,324 shares of the technology company’s stock after selling 47,914 shares during the period. Fair Isaac accounts for about 0.8% of Frontier Capital Management Co. LLC’s investment portfolio, making the stock its 27th biggest holding. Frontier Capital Management Co. LLC owned 0.28% of Fair Isaac worth $81,858,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Fair Isaac by 1.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 457,738 shares of the technology company’s stock valued at $397,560,000 after buying an additional 4,584 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of 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 during the period. American Century Companies Inc. raised its holdings in shares of Fair Isaac by 39.6% in the 3rd quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock valued at $318,633,000 after purchasing an additional 104,161 shares during the period. Invesco Ltd. lifted its stake in Fair Isaac by 13.6% in the 3rd quarter. Invesco Ltd. now owns 359,549 shares of the technology company’s stock valued at $312,279,000 after purchasing an additional 42,998 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Fair Isaac by 25.2% during the fourth quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock worth $330,072,000 after purchasing an additional 57,010 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Price Performance

NYSE FICO traded up $7.23 on Tuesday, reaching $1,317.38. The stock had a trading volume of 29,941 shares, compared to its average volume of 181,506. Fair Isaac Co. has a 1-year low of $764.49 and a 1-year high of $1,451.78. The company has a market cap of $32.55 billion, a P/E ratio of 68.76, a price-to-earnings-growth ratio of 3.53 and a beta of 1.31. The firm has a fifty day moving average of $1,260.31 and a two-hundred day moving average of $1,231.03.

Fair Isaac (NYSE:FICOGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 EPS for the quarter, topping analysts’ consensus estimates of $4.89 by $0.20. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. The business had revenue of $433.81 million for the quarter, compared to analyst estimates of $425.94 million. Research analysts predict that Fair Isaac Co. will post 19.75 EPS for the current fiscal year.

Insider Activity

In related news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the sale, the chief executive officer now owns 12,638 shares of the company’s stock, valued at $14,414,270.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the completion of the sale, the chief executive officer now owns 12,638 shares of the company’s stock, valued at $14,414,270.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joanna Rees sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total transaction of $1,255,000.00. Following the completion of the transaction, the director now directly owns 21,118 shares in the company, valued at $26,503,090. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,423 shares of company stock worth $22,142,247. Corporate insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Redburn Atlantic started coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective on the stock. Raymond James increased their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 price objective on shares of Fair Isaac in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,274.33.

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About Fair Isaac

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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.

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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