NEOS Investment Management LLC Acquires 230 Shares of Fair Isaac Co. (NYSE:FICO)

NEOS Investment Management LLC lifted its stake in Fair Isaac Co. (NYSE:FICO) by 36.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 863 shares of the technology company’s stock after purchasing an additional 230 shares during the quarter. NEOS Investment Management LLC’s holdings in Fair Isaac were worth $1,718,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UniSuper Management Pty Ltd raised its stake in Fair Isaac by 4.7% in the fourth quarter. UniSuper Management Pty Ltd now owns 4,910 shares of the technology company’s stock valued at $9,775,000 after purchasing an additional 222 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Fair Isaac by 0.8% in the 4th quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company’s stock valued at $1,351,073,000 after buying an additional 5,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Fair Isaac by 7.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,966 shares of the technology company’s stock valued at $74,651,000 after buying an additional 2,512 shares in the last quarter. Korea Investment CORP lifted its holdings in shares of Fair Isaac by 10.2% during the 4th quarter. Korea Investment CORP now owns 15,207 shares of the technology company’s stock worth $30,276,000 after acquiring an additional 1,406 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Fair Isaac during the 4th quarter worth approximately $796,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In related news, 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 value of $7,069,707.48. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $72,801,401.22. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares in the company, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,241 shares of company stock worth $18,186,184 over the last ninety days. Insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,834.32 on Friday. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. The firm has a market cap of $44.79 billion, a PE ratio of 84.18, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. The firm’s fifty day moving average is $1,828.54 and its 200-day moving average is $1,990.76.

Fair Isaac (NYSE:FICO) last announced its earnings results 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 forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group dropped their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Oppenheimer decreased their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and issued a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $2,088.15.

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.