33,511 Shares in Fair Isaac Co. (NYSE:FICO) Acquired by Twinbeech Capital LP

Twinbeech Capital LP purchased a new position in Fair Isaac Co. (NYSE:FICO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 33,511 shares of the technology company’s stock, valued at approximately $66,718,000. Fair Isaac comprises about 1.1% of Twinbeech Capital LP’s portfolio, making the stock its 14th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its stake in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after acquiring an additional 8 shares during the last quarter. Pinnacle Holdings LLC acquired a new stake in Fair Isaac during the fourth quarter worth approximately $26,000. Berbice Capital Management LLC acquired a new stake in Fair Isaac during the fourth quarter worth approximately $40,000. Avalon Trust Co acquired a new stake in Fair Isaac during the fourth quarter worth approximately $40,000. Finally, OFI Invest Asset Management acquired a new stake in Fair Isaac during the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FICO shares. Bank of America began coverage on shares of Fair Isaac in a report on Thursday, April 10th. They set a “buy” rating and a $2,800.00 price objective on the stock. Wells Fargo & Company lowered 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 research report on Wednesday, February 5th. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Barclays lowered their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. 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 report 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 company’s stock. According to data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus target price of $2,299.31.

Insider Activity at Fair Isaac

In other news, Director Marc F. Mcmorris sold 797 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 242 shares of the company’s stock, valued at $505,175. This represents a 76.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William J. Lansing sold 4,092 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were 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 directly owns 42,138 shares of the company’s stock, valued at approximately $72,801,401.22. This represents a 8.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,933 shares of company stock valued at $35,250,629. 3.46% of the stock is owned by insiders.

Fair Isaac Trading Up 0.9%

Shares of FICO stock opened at $2,199.97 on Monday. The firm has a 50-day moving average price of $1,915.89 and a 200 day moving average price of $1,985.45. Fair Isaac Co. has a twelve month low of $1,266.72 and a twelve month high of $2,402.52. The company has a market capitalization of $53.55 billion, a price-to-earnings ratio of 100.96, a PEG ratio of 3.27 and a beta of 1.40.

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