Vident Advisory LLC Has $11.43 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Vident Advisory LLC increased its holdings in Fair Isaac Co. (NYSE:FICO) by 101.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,740 shares of the technology company’s stock after purchasing an additional 2,887 shares during the period. Vident Advisory LLC’s holdings in Fair Isaac were worth $11,428,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Square Wave Partners L.P. acquired a new stake in shares of Fair Isaac in the fourth quarter worth $15,483,000. Twinbeech Capital LP acquired a new position in Fair Isaac during the 4th quarter worth $66,718,000. Two Sigma Advisers LP boosted its holdings in Fair Isaac by 70.0% during the fourth quarter. Two Sigma Advisers LP now owns 1,700 shares of the technology company’s stock valued at $3,385,000 after acquiring an additional 700 shares during the period. Two Sigma Investments LP grew its position in shares of Fair Isaac by 2.9% in the fourth quarter. Two Sigma Investments LP now owns 1,142 shares of the technology company’s stock valued at $2,274,000 after purchasing an additional 32 shares during the last quarter. Finally, Tidal Investments LLC grew its position in shares of Fair Isaac by 692.2% in the fourth quarter. Tidal Investments LLC now owns 14,133 shares of the technology company’s stock valued at $28,138,000 after purchasing an additional 12,349 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank of Canada raised 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 report on Wednesday, February 26th. Needham & Company LLC increased their target price on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Wells Fargo & Company decreased their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a report on Wednesday. Finally, Robert W. Baird lifted their price objective on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a “neutral” 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. Based on data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $2,299.31.

Fair Isaac Stock Up 0.9%

Shares of FICO opened at $2,199.97 on Monday. The stock’s fifty day simple moving average is $1,915.89 and its 200-day simple moving average is $1,985.45. The firm has a market capitalization of $53.55 billion, a PE ratio of 100.96, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 12-month low of $1,266.72 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The company had revenue of $498.74 million during the quarter, compared to analysts’ expectations of $500.45 million. During the same quarter in the previous year, the company earned $6.14 EPS. Fair Isaac’s revenue was up 15.0% on a year-over-year basis. Analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Marc F. Mcmorris sold 797 shares of Fair Isaac stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the transaction, the director now owns 242 shares of the company’s stock, valued at approximately $505,175. The trade was a 76.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William J. Lansing sold 2,956 shares of the business’s stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $74,210,495.94. This represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,933 shares of company stock worth $35,250,629. 3.46% of the stock is currently owned by company insiders.

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.