Kensico Capital Management Corp Trims Position in Fair Isaac Co. (NYSE:FICO)

Kensico Capital Management Corp cut its position in shares of Fair Isaac Co. (NYSE:FICO) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 235,480 shares of the technology company’s stock after selling 6,200 shares during the period. Fair Isaac makes up about 10.7% of Kensico Capital Management Corp’s portfolio, making the stock its 3rd biggest holding. Kensico Capital Management Corp owned about 0.96% of Fair Isaac worth $468,824,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FICO. Nebula Research & Development LLC bought a new position in shares of Fair Isaac during the 4th quarter valued at approximately $2,540,000. Donoghue Forlines LLC purchased a new position in Fair Isaac during the fourth quarter worth $1,935,000. Czech National Bank increased its position in Fair Isaac by 5.7% during the fourth quarter. Czech National Bank now owns 5,280 shares of the technology company’s stock valued at $10,512,000 after acquiring an additional 286 shares during the last quarter. Barclays PLC raised its stake 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 valued at $117,624,000 after acquiring an additional 12,038 shares during the period. Finally, Brighton Jones LLC lifted its holdings in shares of Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after acquiring an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 0.8 %

FICO opened at $2,089.01 on Friday. The firm has a market cap of $50.85 billion, a price-to-earnings ratio of 95.87, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 12 month low of $1,266.72 and a 12 month high of $2,402.52. The stock has a fifty day moving average price of $1,879.31 and a 200-day moving average price of $1,980.24.

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 the consensus estimate of $7.33 by $0.48. The business had revenue of $498.74 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $6.14 earnings per share. On average, equities research analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Thomas A. Bowers sold 4,077 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the transaction, the executive vice president now owns 9,974 shares in the company, valued at $20,517,016.70. This represents a 29.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 of the company’s stock, valued at $76,026,643.74. The trade was 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 have sold 17,135 shares of company stock valued at $31,505,623. 3.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FICO shares. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Barclays decreased their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. UBS Group cut their price objective on 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. Wells Fargo & Company decreased their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Robert W. Baird upped their price target 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. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus price target of $2,268.54.

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.