Ensign Peak Advisors Inc Buys 785 Shares of Fair Isaac Co. (NYSE:FICO)

Ensign Peak Advisors Inc raised its stake in Fair Isaac Co. (NYSE:FICO) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,915 shares of the technology company’s stock after buying an additional 785 shares during the period. Ensign Peak Advisors Inc owned about 0.06% of Fair Isaac worth $29,695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FICO. Nebula Research & Development LLC bought a new stake in Fair Isaac in the fourth quarter valued at approximately $2,540,000. Donoghue Forlines LLC bought a new stake in shares of Fair Isaac in the 4th quarter valued at $1,935,000. Czech National Bank raised its stake in Fair Isaac by 5.7% during the fourth quarter. Czech National Bank now owns 5,280 shares of the technology company’s stock worth $10,512,000 after buying an additional 286 shares during the last quarter. Barclays PLC lifted its holdings in Fair Isaac by 24.8% in the third quarter. Barclays PLC now owns 60,521 shares of the technology company’s stock valued at $117,624,000 after buying an additional 12,038 shares during the period. Finally, Brighton Jones LLC boosted its position in Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after acquiring an additional 302 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Performance

FICO stock opened at $2,089.01 on Friday. The company has a market capitalization of $50.85 billion, a P/E ratio of 95.87, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 52-week low of $1,266.72 and a 52-week high of $2,402.52. The business has a 50-day simple moving average of $1,879.31 and a two-hundred day simple moving average of $1,980.24.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The business had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. During the same quarter in the prior year, the company posted $6.14 earnings per share. Fair Isaac’s revenue was up 15.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on FICO. Bank of America started coverage on Fair Isaac in a research report on Thursday, April 10th. They set a “buy” rating and a $2,800.00 target price on the stock. Wells Fargo & Company reduced their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Robert W. Baird boosted their target price on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the company a “neutral” rating in a research report on Wednesday, April 30th. Barclays reduced their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a report on Friday, April 4th. Finally, Oppenheimer lifted their price target on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an “outperform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus target price of $2,268.54.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the sale, the executive vice president now directly owns 9,974 shares in the company, valued at approximately $20,517,016.70. This trade represents a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,135 shares of company stock valued at $31,505,623 over the last ninety days. Corporate insiders own 3.46% of the company’s stock.

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.