CANADA LIFE ASSURANCE Co Has $49.22 Million Stake in Fair Isaac Co. (NYSE:FICO)

CANADA LIFE ASSURANCE Co lifted its stake in Fair Isaac Co. (NYSE:FICO) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,753 shares of the technology company’s stock after purchasing an additional 1,347 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Fair Isaac were worth $49,224,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Rakuten Securities Inc. grew its holdings in Fair Isaac by 160.0% during the 4th 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 shares of Fair Isaac during the fourth quarter worth $26,000. Berbice Capital Management LLC bought a new stake in Fair Isaac in the fourth quarter valued at about $40,000. Avalon Trust Co acquired a new position in Fair Isaac in the fourth quarter valued at about $40,000. Finally, OFI Invest Asset Management bought a new position in Fair Isaac during the fourth quarter worth about $42,000. Institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FICO. Needham & Company LLC reiterated a “buy” rating and issued a $2,500.00 price target on shares of Fair Isaac in a research report on Friday, April 11th. Oppenheimer cut their target price 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. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. UBS Group reduced their target price 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. Finally, Barclays decreased their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and a consensus target price of $2,210.23.

Insider Activity

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

Fair Isaac Stock Up 0.4 %

NYSE:FICO opened at $1,907.06 on Friday. The company has a market cap of $46.57 billion, a P/E ratio of 87.52, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.52. The business has a 50 day moving average price of $1,821.31 and a two-hundred day moving average price of $1,980.95.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS 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 anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

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.