Fair Isaac Co. (NYSE:FICO) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina increased its stake in Fair Isaac Co. (NYSE:FICO) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,436 shares of the technology company’s stock after purchasing an additional 137 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Fair Isaac were worth $24,759,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FICO. Rakuten Securities Inc. grew its holdings in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after acquiring an additional 8 shares during the period. Pinnacle Holdings LLC acquired a new stake in Fair Isaac during the fourth quarter valued at approximately $26,000. Berbice Capital Management LLC bought a new stake in Fair Isaac during the fourth quarter worth approximately $40,000. Avalon Trust Co acquired a new position in Fair Isaac in the fourth quarter worth approximately $40,000. Finally, OFI Invest Asset Management bought a new position in shares of Fair Isaac in the fourth quarter valued at $42,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 0.4 %

NYSE FICO opened at $1,855.60 on Friday. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.52. The firm’s fifty day simple moving average is $1,813.00 and its 200-day simple moving average is $1,981.82. The company has a market capitalization of $45.31 billion, a PE ratio of 85.16, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. As a group, analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FICO shares. Barclays decreased their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. UBS Group cut their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price for the company. Oppenheimer cut their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $2,131.86.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 13,058 shares of company stock worth $23,119,030. Insiders own 3.46% of the company’s stock.

Fair Isaac 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.