Fair Isaac Co. (NYSE:FICO) Shares Purchased by Pinkerton Retirement Specialists LLC

Pinkerton Retirement Specialists LLC increased its stake in shares of Fair Isaac Co. (NYSE:FICO) by 183.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 377 shares of the technology company’s stock after purchasing an additional 244 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Fair Isaac were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. raised its position in shares of 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 purchasing an additional 8 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Fair Isaac during the 4th quarter worth about $26,000. Berbice Capital Management LLC acquired a new position in shares of Fair Isaac during the 4th quarter worth about $40,000. Avalon Trust Co acquired a new position in shares of Fair Isaac during the 4th quarter worth about $40,000. Finally, OFI Invest Asset Management acquired a new position in shares of Fair Isaac during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,708.40 on Thursday. The company has a 50 day simple moving average of $1,928.18 and a 200-day simple moving average of $1,985.29. The company has a market capitalization of $41.59 billion, a P/E ratio of 78.40, a P/E/G ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 1 year low of $1,266.72 and a 1 year high of $2,402.52.

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 analysts’ consensus estimates of $7.33 by $0.48. The business had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $6.14 EPS. As a group, research analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 5,419 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $2,147.97, for a total transaction of $11,639,849.43. Following the completion of the transaction, the chief executive officer now owns 42,730 shares of the company’s stock, valued at approximately $91,782,758.10. This trade represents a 11.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the transaction, the executive vice president now directly owns 9,974 shares of the company’s stock, valued at $20,517,016.70. This represents a 29.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,933 shares of company stock valued at $35,250,629. Company insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Needham & Company LLC increased their price objective on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a “buy” rating in a report on Monday, May 12th. UBS Group cut their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, Robert W. Baird increased their price objective on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,299.31.

About Fair Isaac

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.