AXQ Capital LP Invests $850,000 in Fair Isaac Co. (NYSE:FICO)

AXQ Capital LP purchased a new position in shares of Fair Isaac Co. (NYSE:FICO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 427 shares of the technology company’s stock, valued at approximately $850,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its position in shares of Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after acquiring an additional 8 shares during the period. True Wealth Design LLC boosted its position in shares of Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after acquiring an additional 18 shares during the period. Berbice Capital Management LLC bought a new stake in shares of Fair Isaac in the fourth quarter valued at approximately $40,000. Avalon Trust Co bought a new stake in shares of Fair Isaac in the fourth quarter valued at approximately $40,000. Finally, OFI Invest Asset Management bought a new position in Fair Isaac in the fourth quarter worth $42,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,857.48 on Friday. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. The company has a market capitalization of $45.36 billion, a PE ratio of 85.24, a PEG ratio of 3.27 and a beta of 1.41. The company has a 50 day moving average price of $1,835.24 and a two-hundred day moving average price of $1,984.50.

Fair Isaac (NYSE:FICO) last issued 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 net margin of 30.66% and a negative return on equity of 53.40%. On average, sell-side analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on FICO. The Goldman Sachs Group increased their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, February 5th. UBS Group dropped their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Robert W. Baird lowered their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. started coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price for the company. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,088.15.

Insider Transactions at Fair Isaac

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 value of $7,069,707.48. Following the completion of the sale, the chief executive officer now owns 42,138 shares in the company, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 139 shares of the stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,241 shares of company stock valued at $18,186,184 over the last quarter. 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.