Sumitomo Mitsui DS Asset Management Company Ltd Has $2.81 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,414 shares of the technology company’s stock after purchasing an additional 93 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Fair Isaac were worth $2,810,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FICO. International Assets Investment Management LLC raised its position in Fair Isaac by 112,366.2% during the fourth quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock worth $464,737,000 after acquiring an additional 398,900 shares in the last quarter. American Century Companies Inc. raised its position in Fair Isaac by 39.6% during the third quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock worth $318,633,000 after acquiring an additional 104,161 shares in the last quarter. Principal Financial Group Inc. raised its position in Fair Isaac by 52.2% during the third quarter. Principal Financial Group Inc. now owns 239,644 shares of the technology company’s stock worth $208,138,000 after acquiring an additional 82,214 shares in the last quarter. Schroder Investment Management Group raised its position in Fair Isaac by 191.0% during the third quarter. Schroder Investment Management Group now owns 111,635 shares of the technology company’s stock worth $96,958,000 after acquiring an additional 73,267 shares in the last quarter. Finally, Invesco Ltd. raised its position in Fair Isaac by 13.6% during the third quarter. Invesco Ltd. now owns 359,549 shares of the technology company’s stock worth $312,279,000 after acquiring an additional 42,998 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity

In other news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 24,000 shares of company stock worth $29,011,120. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,188.40 on Wednesday. Fair Isaac Co. has a 52 week low of $708.00 and a 52 week high of $1,349.75. The firm has a market cap of $29.53 billion, a price-to-earnings ratio of 66.43, a P/E/G ratio of 2.55 and a beta of 1.21. The firm’s 50-day simple moving average is $1,245.39 and its 200 day simple moving average is $1,147.01.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.11. The firm 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%. Sell-side analysts anticipate that Fair Isaac Co. will post 19.95 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on FICO shares. Royal Bank of Canada reaffirmed 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. Barclays upped their price target on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. 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 objective on the stock. Raymond James increased their price objective on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 price objective on shares of Fair Isaac in a research report on Monday. 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 company’s stock. According to data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,180.45.

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.