Fair Isaac Co. (NYSE:FICO) Shares Bought by Freemont Management S.A.

Freemont Management S.A. boosted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 100.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the technology company’s stock after purchasing an additional 2,500 shares during the period. Freemont Management S.A.’s holdings in Fair Isaac were worth $5,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Fair Isaac in the fourth quarter worth about $35,000. DSM Capital Partners LLC acquired a new position in shares of Fair Isaac in the fourth quarter worth about $37,000. Headlands Technologies LLC acquired a new position in shares of Fair Isaac in the third quarter worth about $42,000. KB Financial Partners LLC raised its position in shares of Fair Isaac by 26.2% in the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after acquiring an additional 11 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Fair Isaac by 28.1% in the fourth quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after acquiring an additional 9 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Price Performance

NYSE FICO traded up $31.46 during trading hours on Friday, hitting $1,384.64. 171,482 shares of the company’s stock traded hands, compared to its average volume of 254,235. Fair Isaac Co. has a 52-week low of $745.45 and a 52-week high of $1,451.78. The company has a market capitalization of $34.21 billion, a PE ratio of 72.68, a PEG ratio of 3.73 and a beta of 1.24. The firm’s 50-day moving average is $1,245.51 and its 200-day moving average is $1,209.67.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $5.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $433.81 million during the quarter, compared to analysts’ expectations of $425.94 million. Equities research analysts predict that Fair Isaac Co. will post 19.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FICO shares. Raymond James upped their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Redburn Atlantic began coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 target price for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,274.33.

Insider Activity at Fair Isaac

In other news, Director Joanna Rees sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $1,350.00, for a total transaction of $675,000.00. Following the completion of the sale, the director now owns 20,618 shares in the company, valued at approximately $27,834,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Joanna Rees sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $1,350.00, for a total transaction of $675,000.00. Following the completion of the sale, the director now owns 20,618 shares in the company, valued at approximately $27,834,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the sale, the chief executive officer now owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,000 shares of company stock valued at $21,561,840. Corporate insiders own 3.54% of the company’s stock.

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.