Man Group plc Boosts Stock Position in Fair Isaac Co. (NYSE:FICO)

Man Group plc boosted its stake in shares of Fair Isaac Co. (NYSE:FICO) by 79.2% in the fourth quarter, Holdings Channel reports. The fund owned 14,868 shares of the technology company’s stock after purchasing an additional 6,572 shares during the period. Man Group plc’s holdings in Fair Isaac were worth $29,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC grew its position in Fair Isaac by 24.8% in the 3rd 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 last quarter. JPMorgan Chase & Co. lifted its stake in shares of Fair Isaac by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock worth $1,308,460,000 after acquiring an additional 7,466 shares during the period. Brookstone Capital Management acquired a new stake in shares of Fair Isaac in the 4th quarter worth $206,000. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Fair Isaac by 15.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $577,000 after acquiring an additional 39 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Fair Isaac by 650.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 18,810 shares of the technology company’s stock worth $37,449,000 after acquiring an additional 16,305 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Marc F. Mcmorris sold 797 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the sale, the director now owns 242 shares of the company’s stock, valued at approximately $505,175. This represents a 76.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. This trade represents a 8.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,933 shares of company stock worth $35,250,629. Insiders own 3.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FICO. Jefferies Financial Group restated a “buy” rating and issued a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a research report on Wednesday. Needham & Company LLC increased their target price on Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group decreased their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company cut their price objective on 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. Finally, Raymond James raised their target price on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,299.31.

Fair Isaac Stock Performance

FICO opened at $2,185.09 on Friday. The company has a market cap of $53.19 billion, a price-to-earnings ratio of 100.28, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a one year low of $1,266.72 and a one year high of $2,402.52. The business’s fifty day moving average is $1,906.33 and its two-hundred day moving average is $1,984.43.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping the consensus estimate of $7.33 by $0.48. The business had revenue of $498.74 million for the quarter, compared to analyst estimates 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 for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.14 EPS. On average, analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

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.