Norges Bank Buys Shares of 222,192 Fair Isaac Co. (NYSE:FICO)

Norges Bank purchased a new position in shares of Fair Isaac Co. (NYSE:FICO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 222,192 shares of the technology company’s stock, valued at approximately $442,369,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Blair William & Co. IL grew its holdings in Fair Isaac by 42.9% during the 4th quarter. Blair William & Co. IL now owns 2,839 shares of the technology company’s stock worth $5,652,000 after acquiring an additional 852 shares during the period. NEOS Investment Management LLC grew its stake in shares of Fair Isaac by 36.3% during the fourth quarter. NEOS Investment Management LLC now owns 863 shares of the technology company’s stock worth $1,718,000 after purchasing an additional 230 shares during the period. UniSuper Management Pty Ltd increased its holdings in Fair Isaac by 4.7% in the fourth quarter. UniSuper Management Pty Ltd now owns 4,910 shares of the technology company’s stock valued at $9,775,000 after purchasing an additional 222 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Fair Isaac by 0.8% in the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company’s stock valued at $1,351,073,000 after buying an additional 5,371 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Fair Isaac by 7.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,966 shares of the technology company’s stock worth $74,651,000 after buying an additional 2,512 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Insider Activity at Fair Isaac

In other news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at $4,867,832.76. The trade was a 5.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William J. Lansing sold 4,092 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,241 shares of company stock valued at $18,186,184. 3.46% of the stock is owned by insiders.

Analyst Ratings Changes

FICO has been the topic of a number of analyst reports. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target on the stock. UBS Group lowered 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 research report on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and set a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday, February 5th. Finally, Wells Fargo & Company lowered their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and an average price target of $2,088.15.

Fair Isaac Stock Down 2.0 %

NYSE FICO opened at $1,834.32 on Friday. The firm’s 50 day moving average is $1,828.54 and its 200-day moving average is $1,989.42. The company has a market capitalization of $44.79 billion, a PE ratio of 84.18, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (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%. As a group, sell-side analysts expect that Fair Isaac Co. will post 24.15 EPS for the current 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.