Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Fair Isaac Co. (NYSE:FICO) by 141.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,491 shares of the technology company’s stock after buying an additional 6,141 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fair Isaac were worth $12,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KB Financial Partners LLC purchased a new stake in Fair Isaac in the second quarter valued at approximately $34,000. Clear Street Markets LLC purchased a new position in Fair Isaac in the first quarter worth $34,000. McGlone Suttner Wealth Management Inc. purchased a new position in Fair Isaac in the fourth quarter worth $35,000. Headlands Technologies LLC purchased a new position in Fair Isaac in the third quarter worth $42,000. Finally, Assetmark Inc. purchased a new position in Fair Isaac in the third quarter worth $44,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

FICO has been the subject of several research analyst reports. Redburn Atlantic initiated coverage on Fair Isaac in a research report on Tuesday. They issued a “neutral” rating and a $1,113.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1,350.00 price objective on shares of Fair Isaac in a research report on Friday, January 26th. Barclays upped their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Jefferies Financial Group upped their target price on Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Needham & Company LLC upped their target price on Fair Isaac from $1,100.00 to $1,500.00 and gave the company a “buy” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,180.45.

Fair Isaac Trading Down 2.8 %

Shares of NYSE:FICO opened at $1,130.06 on Friday. The stock’s 50-day moving average price is $1,250.01 and its two-hundred day moving average price is $1,138.67. Fair Isaac Co. has a 12-month low of $692.87 and a 12-month high of $1,349.75. The firm has a market cap of $28.08 billion, a price-to-earnings ratio of 63.17, a PEG ratio of 2.57 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.11. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. The firm had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. As a group, research analysts forecast that Fair Isaac Co. will post 19.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the sale, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 24,000 shares of company stock valued at $29,011,120. Insiders own 3.54% of the company’s stock.

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.