Worldquant Millennium Advisors LLC Takes $49.19 Million Position in Fair Isaac Co. (NYSE:FICO)

Worldquant Millennium Advisors LLC bought a new stake in shares of Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,705 shares of the technology company’s stock, valued at approximately $49,186,000.

A number of other hedge funds have also recently modified their holdings of the business. Woodline Partners LP bought a new stake in shares of Fair Isaac during the 4th quarter valued at $2,913,000. Vident Advisory LLC boosted its holdings in shares of Fair Isaac by 101.2% during the 4th quarter. Vident Advisory LLC now owns 5,740 shares of the technology company’s stock valued at $11,428,000 after buying an additional 2,887 shares in the last quarter. Square Wave Partners L.P. purchased a new position in shares of Fair Isaac in the 4th quarter worth about $15,483,000. Twinbeech Capital LP purchased a new position in shares of Fair Isaac in the 4th quarter worth about $66,718,000. Finally, Two Sigma Advisers LP raised its position in shares of Fair Isaac by 70.0% in the 4th quarter. Two Sigma Advisers LP now owns 1,700 shares of the technology company’s stock worth $3,385,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FICO shares. Bank of America started coverage on Fair Isaac in a research report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price target for the company. Robert W. Baird lifted their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Wells Fargo & Company lowered their price target 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. Raymond James lifted their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Finally, UBS Group lowered their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,299.31.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $72,801,401.22. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the transaction, the director now directly owns 242 shares in the company, valued at $505,175. This trade represents a 76.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,933 shares of company stock valued at $35,250,629. Insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $2,202.57 on Tuesday. Fair Isaac Co. has a fifty-two week low of $1,266.72 and a fifty-two week high of $2,402.52. The business has a 50-day simple moving average of $1,924.41 and a two-hundred day simple moving average of $1,986.95. The firm has a market cap of $53.61 billion, a price-to-earnings ratio of 101.08, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40.

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 firm 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 business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.14 EPS. As a group, research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Fair Isaac Company 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.