Conway Capital Management Inc. Boosts Stock Position in Fair Isaac Co. (NYSE:FICO)

Conway Capital Management Inc. boosted its holdings in Fair Isaac Co. (NYSE:FICO) by 18.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 427 shares of the technology company’s stock after buying an additional 65 shares during the quarter. Fair Isaac makes up about 0.4% of Conway Capital Management Inc.’s holdings, making the stock its 28th largest position. Conway Capital Management Inc.’s holdings in Fair Isaac were worth $787,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in Fair Isaac by 286,768.9% in the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company’s stock valued at $476,129,000 after acquiring an additional 258,092 shares in the last quarter. Norges Bank acquired a new position in Fair Isaac in the fourth quarter valued at $442,369,000. Wealthfront Advisers LLC boosted its stake in 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 acquiring an additional 144,266 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Fair Isaac in the fourth quarter valued at $261,610,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Fair Isaac by 376.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock valued at $321,790,000 after acquiring an additional 127,679 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Up 0.0%

Shares of NYSE:FICO opened at $1,785.08 on Monday. The company has a market cap of $43.45 billion, a P/E ratio of 81.92, a PEG ratio of 3.27 and a beta of 1.29. Fair Isaac Co. has a 52 week low of $1,370.28 and a 52 week high of $2,402.52. The company has a 50-day moving average price of $1,892.30 and a 200 day moving average price of $1,915.78.

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

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the transaction, the chief financial officer now directly owns 1,862 shares of the company’s stock, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,851 shares of company stock valued at $40,543,770. Corporate insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FICO shares. Bank of America started coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $2,575.00 price objective on shares of Fair Isaac in a research note on Tuesday, June 10th. Baird R W upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 28th. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Finally, Oppenheimer increased their target price on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,304.15.

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.