Point72 Hong Kong Ltd Buys New Shares in Fair Isaac Co. (NYSE:FICO)

Point72 Hong Kong Ltd bought a new stake in shares of Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,423 shares of the technology company’s stock, valued at approximately $4,824,000.

Other institutional investors also recently modified their holdings of the company. Nebula Research & Development LLC acquired a new position in shares of Fair Isaac during the 4th quarter valued at $2,540,000. Donoghue Forlines LLC bought a new position in shares of Fair Isaac in the fourth quarter valued at $1,935,000. Barclays PLC lifted its stake in shares of Fair Isaac by 24.8% in the third 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 in the last quarter. Brighton Jones LLC lifted its stake 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 valued at $958,000 after buying an additional 302 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Fair Isaac in the fourth quarter valued at $394,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity

In related news, 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 in the company, valued at approximately $72,801,401.22. This trade represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the sale, the executive vice president now owns 9,974 shares of the company’s stock, valued at $20,517,016.70. This trade represents a 29.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,922 shares of company stock worth $22,325,938 over the last quarter. Insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $2,128.25 on Thursday. The firm has a 50-day moving average of $1,896.63 and a 200-day moving average of $1,983.13. The company has a market cap of $51.81 billion, a P/E ratio of 97.67, a P/E/G 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.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating the consensus estimate of $7.33 by $0.48. The company 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 firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.14 earnings per share. As a group, research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FICO shares. Oppenheimer raised their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Raymond James raised their price objective on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. UBS Group dropped their price objective on shares of 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. Robert W. Baird raised 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 research note on Wednesday, April 30th. Finally, Bank of America started coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price objective on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,299.31.

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.