Cadent Capital Advisors LLC Takes $1.42 Million Position in Fair Isaac Corporation (NYSE:FICO)

Cadent Capital Advisors LLC purchased a new stake in Fair Isaac Corporation (NYSE:FICO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 772 shares of the technology company’s stock, valued at approximately $1,424,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Fair Isaac by 286,768.9% in the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company’s stock valued at $476,129,000 after purchasing an additional 258,092 shares during the period. Norges Bank purchased a new position in Fair Isaac during the fourth quarter valued at approximately $442,369,000. Wealthfront Advisers LLC increased its stake in Fair Isaac by 5,217.6% in the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock valued at $292,728,000 after buying an additional 144,266 shares during the period. Proficio Capital Partners LLC purchased a new stake in Fair Isaac in the 4th quarter worth approximately $261,610,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Fair Isaac by 376.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock valued at $321,790,000 after buying an additional 127,679 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 592 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $2,170.34, for a total value of $1,284,841.28. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $91,453,786.92. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the sale, the executive vice president now owns 9,974 shares in the company, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,851 shares of company stock valued at $40,543,770 in the last quarter. Insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,776.42 on Wednesday. The stock’s 50 day simple moving average is $1,893.71 and its 200 day simple moving average is $1,910.84. Fair Isaac Corporation has a twelve month low of $1,401.67 and a twelve month high of $2,402.52. The company has a market capitalization of $43.24 billion, a price-to-earnings ratio of 76.50, a PEG ratio of 2.99 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating analysts’ consensus estimates of $7.33 by $0.48. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The company had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same quarter last year, the firm posted $6.14 earnings per share. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of research reports. Raymond James Financial reaffirmed an “outperform” rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Needham & Company LLC restated a “buy” rating and issued a $2,575.00 target price on shares of Fair Isaac in a research note on Tuesday, June 10th. Oppenheimer upped their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Robert W. Baird upgraded Fair Isaac from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus target price of $2,304.15.

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.