ING Groep NV Increases Stock Position in Fair Isaac Co. (NYSE:FICO)

ING Groep NV increased its position in Fair Isaac Co. (NYSE:FICO) by 356.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,662 shares of the technology company’s stock after purchasing an additional 2,860 shares during the period. ING Groep NV’s holdings in Fair Isaac were worth $7,291,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd raised its stake in Fair Isaac by 1,270.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock valued at $142,413,000 after buying an additional 67,931 shares during the last quarter. FMR LLC raised its stake in Fair Isaac by 46.1% during the 3rd quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after buying an additional 65,297 shares during the last quarter. Jennison Associates LLC raised its stake in Fair Isaac by 35.1% during the 3rd quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after buying an additional 62,653 shares during the last quarter. Mizuho Securities USA LLC raised its stake in Fair Isaac by 1,845.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 37,133 shares of the technology company’s stock valued at $72,169,000 after buying an additional 35,224 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Fair Isaac by 650.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 18,810 shares of the technology company’s stock valued at $37,449,000 after buying an additional 16,305 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction dated 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 owns 42,138 shares of the company’s stock, valued at $76,026,643.74. This represents a 12.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven P. Weber sold 139 shares of the stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the transaction, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,170 shares of company stock valued at $27,132,248. Company insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FICO. Wells Fargo & Company decreased their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group decreased their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Oppenheimer reduced their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group upped their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $2,078.15.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $1,697.04 on Friday. The company has a market capitalization of $41.44 billion, a P/E ratio of 77.88, a P/E/G ratio of 3.33 and a beta of 1.39. The company has a fifty day moving average of $1,919.33 and a 200 day moving average of $1,972.35. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. Analysts forecast that Fair Isaac Co. will post 24.15 EPS 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.