Mitsubishi UFJ Asset Management Co. Ltd. Purchases 2,512 Shares of Fair Isaac Co. (NYSE:FICO)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Fair Isaac Co. (NYSE:FICO) by 7.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 37,966 shares of the technology company’s stock after buying an additional 2,512 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Fair Isaac were worth $74,651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rakuten Securities Inc. grew its stake in shares of Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after acquiring an additional 8 shares in the last quarter. True Wealth Design LLC grew its position in Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in Fair Isaac in the 4th quarter valued at $40,000. Avalon Trust Co bought a new stake in Fair Isaac during the 4th quarter worth about $40,000. Finally, OFI Invest Asset Management acquired a new position in shares of Fair Isaac during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FICO shares. Wells Fargo & Company dropped their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group raised their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group dropped their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Needham & Company LLC reissued a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research report on Wednesday, February 5th. Finally, Robert W. Baird dropped their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $2,088.15.

Fair Isaac Price Performance

FICO stock opened at $1,834.32 on Friday. The business’s fifty day moving average price is $1,828.54 and its two-hundred day moving average price is $1,989.42. The stock has a market capitalization of $44.79 billion, a price-to-earnings ratio of 84.18, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Research analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the transaction, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,241 shares of company stock worth $18,186,184 in the last 90 days. Company insiders own 3.46% of the company’s stock.

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.