Arrowstreet Capital Limited Partnership Acquires 127,679 Shares of Fair Isaac Co. (NYSE:FICO)

Arrowstreet Capital Limited Partnership raised its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 376.1% during the 4th quarter, HoldingsChannel reports. The fund owned 161,628 shares of the technology company’s stock after acquiring an additional 127,679 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Fair Isaac were worth $321,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of FICO. Mechanics Bank Trust Department lifted its holdings in Fair Isaac by 5.7% during the fourth quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock valued at $223,000 after purchasing an additional 6 shares in the last quarter. Alpha Cubed Investments LLC lifted its stake in shares of Fair Isaac by 1.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock valued at $942,000 after buying an additional 6 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in Fair Isaac by 2.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock worth $609,000 after buying an additional 6 shares during the period. Mather Group LLC. increased its stake in Fair Isaac by 5.2% in the 4th quarter. Mather Group LLC. now owns 122 shares of the technology company’s stock worth $243,000 after buying an additional 6 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in Fair Isaac by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company’s stock valued at $1,236,000 after acquiring an additional 6 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $1,834.32 on Friday. The stock has a 50 day moving average price of $1,828.54 and a 200-day moving average price of $1,990.76. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.52. The stock has a market cap of $44.79 billion, a price-to-earnings ratio of 84.18, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41.

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

Insider Activity at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the 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 sale, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William J. Lansing sold 4,092 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,241 shares of company stock worth $18,186,184. Insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. JPMorgan Chase & Co. started coverage on shares of Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective for the company. Robert W. Baird lowered 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. UBS Group cut their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Oppenheimer decreased their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

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.