K.J. Harrison & Partners Inc Makes New $1.16 Million Investment in Fair Isaac Co. (NYSE:FICO)

K.J. Harrison & Partners Inc acquired a new stake in Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the technology company’s stock, valued at approximately $1,164,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FICO. McGlone Suttner Wealth Management Inc. acquired a new stake in Fair Isaac during the fourth quarter worth approximately $35,000. Headlands Technologies LLC purchased a new stake in shares of Fair Isaac in the 3rd quarter valued at about $42,000. Assetmark Inc. acquired a new stake in shares of Fair Isaac in the 3rd quarter valued at about $44,000. KB Financial Partners LLC grew its stake in Fair Isaac by 26.2% during the 3rd quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after buying an additional 11 shares during the last quarter. Finally, Operose Advisors LLC acquired a new position in Fair Isaac during the third quarter worth approximately $50,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the topic of a number of recent research reports. Raymond James lifted their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday. Barclays raised their price target on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a report on Friday, January 26th. Jefferies Financial Group increased their price target on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 price objective on shares of Fair Isaac in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,182.09.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the sale, the chief executive officer now owns 20,638 shares in the company, valued at approximately $25,300,743.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 24,000 shares of company stock worth $29,011,120 over the last ninety days. 3.54% of the stock is currently owned by insiders.

Fair Isaac Stock Performance

FICO traded down $82.81 on Friday, hitting $1,110.85. 440,692 shares of the company were exchanged, compared to its average volume of 148,743. Fair Isaac Co. has a fifty-two week low of $714.63 and a fifty-two week high of $1,349.75. The firm has a market capitalization of $27.60 billion, a P/E ratio of 58.31, a price-to-earnings-growth ratio of 2.65 and a beta of 1.21. The business’s fifty day moving average is $1,237.78 and its 200 day moving average is $1,149.19.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.11. The company had revenue of $382.06 million for the quarter, compared to the consensus estimate of $386.55 million. Fair Isaac had a negative return on equity of 62.94% and a net margin of 29.99%. Analysts forecast that Fair Isaac Co. will post 19.93 EPS for the current fiscal year.

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.