Fair Isaac Co. (NYSE:FICO) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 39.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,349 shares of the technology company’s stock after buying an additional 2,626 shares during the quarter. Handelsbanken Fonder AB’s holdings in Fair Isaac were worth $18,613,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. State Street Corp raised its stake in shares of Fair Isaac by 0.5% during the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock worth $2,031,299,000 after buying an additional 5,472 shares during the period. JPMorgan Chase & Co. raised its stake in Fair Isaac by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock valued at $1,308,460,000 after purchasing an additional 7,466 shares during the last quarter. Geode Capital Management LLC raised its stake in Fair Isaac by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock valued at $1,251,537,000 after purchasing an additional 6,510 shares during the last quarter. Principal Financial Group Inc. raised its stake in Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after purchasing an additional 1,977 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Fair Isaac by 5.4% in the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company’s stock valued at $506,257,000 after purchasing an additional 13,133 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research note 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 note on Wednesday, February 5th. Robert W. Baird reduced their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Barclays increased their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group cut their target price on 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. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,078.15.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the transaction, the executive vice president now owns 45,395 shares of the company’s stock, valued at $107,760,920.75. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,170 shares of company stock worth $27,132,248. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Trading Down 1.7 %

NYSE FICO opened at $1,697.04 on Friday. The stock has a market cap of $41.44 billion, a PE ratio of 77.88, a P/E/G ratio of 3.33 and a beta of 1.39. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51. The stock has a fifty day simple moving average of $1,919.33 and a 200-day simple moving average of $1,972.35.

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