Royal Bank of Canada Increases Stock Position in Fair Isaac Co. (NYSE:FICO)

Royal Bank of Canada grew its stake in shares of Fair Isaac Co. (NYSE:FICO) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 97,295 shares of the technology company’s stock after buying an additional 7,853 shares during the quarter. Royal Bank of Canada’s holdings in Fair Isaac were worth $193,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in FICO. Barclays PLC boosted its holdings in shares of Fair Isaac by 24.8% in the third quarter. Barclays PLC now owns 60,521 shares of the technology company’s stock worth $117,624,000 after buying an additional 12,038 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock worth $1,308,460,000 after buying an additional 7,466 shares during the last quarter. Brookstone Capital Management purchased a new position in shares of Fair Isaac in the fourth quarter worth approximately $206,000. Park Avenue Securities LLC boosted its holdings in shares of Fair Isaac by 3.8% in the fourth quarter. Park Avenue Securities LLC now owns 469 shares of the technology company’s stock worth $934,000 after buying an additional 17 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Fair Isaac by 12.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 898 shares of the technology company’s stock worth $1,788,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Activity

In other news, Director Marc F. Mcmorris sold 797 shares of Fair Isaac stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the sale, the director now owns 242 shares in the company, valued at $505,175. This trade represents a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William J. Lansing sold 5,419 shares of Fair Isaac stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $2,147.97, for a total transaction of $11,639,849.43. Following the sale, the chief executive officer now owns 42,730 shares in the company, valued at approximately $91,782,758.10. The trade was a 11.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,933 shares of company stock worth $35,250,629 over the last quarter. Insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. Wells Fargo & Company dropped their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Needham & Company LLC raised their target price on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Finally, UBS Group decreased their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,299.31.

Fair Isaac Price Performance

Fair Isaac stock opened at $2,199.97 on Friday. The stock has a market cap of $53.55 billion, a P/E ratio of 100.96, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 1 year low of $1,266.72 and a 1 year high of $2,402.52. The firm’s 50 day moving average price is $1,915.89 and its 200-day moving average price is $1,985.51.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.33 by $0.48. The firm had revenue of $498.74 million for the quarter, compared to analysts’ expectations of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the business posted $6.14 earnings per share. As a group, equities analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

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.