Fair Isaac Co. (NYSE:FICO) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in shares of Fair Isaac Co. (NYSE:FICO) by 47.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,076 shares of the technology company’s stock after acquiring an additional 1,969 shares during the period. Handelsbanken Fonder AB’s holdings in Fair Isaac were worth $7,073,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Fair Isaac during the fourth quarter valued at $35,000. Headlands Technologies LLC purchased a new position in Fair Isaac during the third quarter worth about $42,000. Assetmark Inc. purchased a new position in Fair Isaac during the third quarter worth about $44,000. KB Financial Partners LLC lifted its position in Fair Isaac by 26.2% during the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after buying an additional 11 shares during the period. Finally, Operose Advisors LLC purchased a new position in Fair Isaac during the third quarter worth about $50,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Up 0.4 %

FICO stock opened at $1,193.03 on Thursday. Fair Isaac Co. has a 52-week low of $708.00 and a 52-week high of $1,349.75. The stock’s 50 day moving average is $1,243.37 and its two-hundred day moving average is $1,147.33. The company has a market capitalization of $29.65 billion, a PE ratio of 66.69, a P/E/G ratio of 2.63 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.11. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. The company had revenue of $382.06 million for the quarter, compared to the consensus estimate of $386.55 million. As a group, sell-side analysts anticipate that Fair Isaac Co. will post 19.95 EPS for the current year.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the sale, the chief executive officer now directly owns 20,638 shares in the company, valued at approximately $25,300,743.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 24,000 shares of company stock worth $29,011,120 in the last three months. 3.54% of the stock is owned by insiders.

Analyst Ratings Changes

FICO has been the topic of several recent analyst reports. Barclays increased their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Raymond James lifted their price objective on Fair Isaac from $1,214.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Jefferies Financial Group lifted their price objective on Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 price objective on shares of Fair Isaac in a research note on Monday. Finally, Redburn Atlantic initiated coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,180.45.

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.