Castlekeep Investment Advisors LLC Invests $11.89 Million in Fair Isaac Co. (NYSE:FICO)

Castlekeep Investment Advisors LLC bought a new position in Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 5,973 shares of the technology company’s stock, valued at approximately $11,892,000.

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

Insider Activity

In related news, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 13,058 shares of company stock valued at $23,119,030. 3.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FICO. Needham & Company LLC restated a “buy” rating and set a $2,500.00 target price on shares of Fair Isaac in a research note on Wednesday, April 30th. Oppenheimer lowered their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Raymond James boosted their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Finally, Bank of America assumed coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price target for the company. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,277.46.

Fair Isaac Stock Up 2.4 %

Shares of NYSE:FICO opened at $2,050.09 on Monday. The firm has a fifty day simple moving average of $1,856.90 and a two-hundred day simple moving average of $1,976.96. Fair Isaac Co. has a 52 week low of $1,204.03 and a 52 week high of $2,402.52. The stock has a market capitalization of $49.90 billion, a P/E ratio of 94.08, a PEG ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 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 company had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same quarter last year, the business posted $6.14 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. On average, analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

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.