Corient Private Wealth LLC Acquires 7,998 Shares of Fair Isaac Co. (NYSE:FICO)

Corient Private Wealth LLC boosted its stake in Fair Isaac Co. (NYSE:FICO) by 150.2% in the fourth quarter, Holdings Channel reports. The firm owned 13,324 shares of the technology company’s stock after purchasing an additional 7,998 shares during the quarter. Corient Private Wealth LLC’s holdings in Fair Isaac were worth $15,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Fair Isaac by 112,366.2% in the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock worth $464,737,000 after purchasing an additional 398,900 shares during the period. Norges Bank purchased a new stake in Fair Isaac during the fourth quarter valued at $259,509,000. American Century Companies Inc. increased its position in Fair Isaac by 39.6% in the third quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock worth $318,633,000 after buying an additional 104,161 shares in the last quarter. Schroder Investment Management Group boosted its stake in Fair Isaac by 191.0% during the third quarter. Schroder Investment Management Group now owns 111,635 shares of the technology company’s stock valued at $96,958,000 after buying an additional 73,267 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Fair Isaac by 13.6% in the third quarter. Invesco Ltd. now owns 359,549 shares of the technology company’s stock worth $312,279,000 after buying an additional 42,998 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Trading Up 2.3 %

FICO stock traded up $31.46 during mid-day trading on Friday, reaching $1,384.64. The company’s stock had a trading volume of 171,482 shares, compared to its average volume of 254,235. The company’s 50 day moving average is $1,245.51 and its two-hundred day moving average is $1,205.91. The stock has a market cap of $34.21 billion, a PE ratio of 72.68, a P/E/G ratio of 3.64 and a beta of 1.24. Fair Isaac Co. has a fifty-two week low of $745.45 and a fifty-two week high of $1,451.78.

Fair Isaac (NYSE:FICO) last issued its earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, beating the consensus estimate of $4.89 by $0.20. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. The business had revenue of $433.81 million for the quarter, compared to the consensus estimate of $425.94 million. On average, analysts forecast that Fair Isaac Co. will post 19.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FICO. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,350.00 price objective on shares of Fair Isaac in a research note on Friday, January 26th. Barclays lifted their price objective 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. Raymond James boosted their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Redburn Atlantic initiated coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 price objective on shares of Fair Isaac in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,274.33.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the sale, the chief executive officer now owns 12,638 shares in the company, valued at $14,414,270.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Fair Isaac news, Director Joanna Rees sold 1,000 shares of Fair Isaac stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the completion of the sale, the director now directly owns 21,118 shares of the company’s stock, valued at $26,503,090. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,638 shares in the company, valued at approximately $14,414,270.90. The disclosure for this sale can be found here. Insiders sold a total of 18,000 shares of company stock worth $21,561,840 over the last ninety days. 3.54% of the stock is currently owned by company insiders.

Fair Isaac Company 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.