Sumitomo Mitsui Trust Holdings Inc. Acquires 105 Shares of Fair Isaac Co. (NYSE:FICO)

Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,049 shares of the technology company’s stock after acquiring an additional 105 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.24% of Fair Isaac worth $69,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of FICO. Private Advisor Group LLC bought a new stake in Fair Isaac during the 1st quarter valued at $324,000. PNC Financial Services Group Inc. grew its position in Fair Isaac by 3.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,845 shares of the technology company’s stock worth $860,000 after acquiring an additional 54 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Fair Isaac by 423.2% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293 shares of the technology company’s stock worth $137,000 after acquiring an additional 237 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Fair Isaac by 0.7% in the first quarter. Great West Life Assurance Co. Can now owns 20,658 shares of the technology company’s stock worth $9,998,000 after acquiring an additional 135 shares in the last quarter. Finally, Raymond James Trust N.A. grew its position in Fair Isaac by 12.4% in the first quarter. Raymond James Trust N.A. now owns 964 shares of the technology company’s stock worth $449,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the sale, the chief executive officer now directly owns 20,638 shares in the company, valued at approximately $25,300,743.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.54% of the stock is currently owned by insiders.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,154.25 on Thursday. The company has a market capitalization of $28.68 billion, a price-to-earnings ratio of 64.52, a PEG ratio of 2.55 and a beta of 1.21. The company’s fifty day moving average price is $1,257.07 and its 200-day moving average price is $1,136.65. Fair Isaac Co. has a one year low of $686.08 and a one year high of $1,349.75.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $1,350.00 price target on shares of Fair Isaac in a research report on Friday, January 26th. Redburn Atlantic assumed coverage on shares of Fair Isaac in a research report on Tuesday. They set a “neutral” rating and a $1,113.00 price target for the company. Needham & Company LLC upped their price target on shares of Fair Isaac from $1,100.00 to $1,500.00 and gave the company a “buy” 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, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,180.45.

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.