Groupama Asset Managment Acquires New Position in Fair Isaac Co. (NYSE:FICO)

Groupama Asset Managment bought a new position in Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,071 shares of the technology company’s stock, valued at approximately $2,157,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Fair Isaac in the 4th quarter valued at $442,369,000. Wealthfront Advisers LLC grew its holdings in shares of Fair Isaac by 5,217.6% in the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock valued at $292,728,000 after purchasing an additional 144,266 shares during the period. Proficio Capital Partners LLC acquired a new stake in Fair Isaac during the fourth quarter worth about $261,610,000. Arrowstreet Capital Limited Partnership raised its stake in Fair Isaac by 376.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock worth $321,790,000 after purchasing an additional 127,679 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Fair Isaac in the 4th quarter valued at about $199,441,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Oppenheimer reduced 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 report on Tuesday, January 7th. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target for the company. 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 report on Thursday, December 5th. Finally, 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 for the company in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 4,092 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,241 shares of company stock worth $18,186,184. 3.46% of the stock is currently owned by insiders.

Fair Isaac Trading Up 1.1 %

Fair Isaac stock opened at $1,888.68 on Thursday. The firm has a market capitalization of $46.12 billion, a P/E ratio of 86.68, a P/E/G ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.52. The stock’s fifty day simple moving average is $1,827.20 and its 200-day simple moving average is $1,991.00.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share 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 year.

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.