Royal London Asset Management Ltd. Raises Stake in Fair Isaac Co. (NYSE:FICO)

Royal London Asset Management Ltd. increased its stake in shares of Fair Isaac Co. (NYSE:FICO) by 18.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,562 shares of the technology company’s stock after buying an additional 1,788 shares during the period. Royal London Asset Management Ltd.’s holdings in Fair Isaac were worth $23,019,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Mechanics Bank Trust Department lifted its holdings in Fair Isaac by 5.7% during the 4th quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock worth $223,000 after purchasing an additional 6 shares in the last quarter. Alpha Cubed Investments LLC lifted its holdings in Fair Isaac by 1.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock worth $942,000 after purchasing an additional 6 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in Fair Isaac by 2.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock worth $609,000 after purchasing an additional 6 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Fair Isaac by 5.2% in the 4th quarter. Mather Group LLC. now owns 122 shares of the technology company’s stock valued at $243,000 after acquiring an additional 6 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Fair Isaac by 1.0% in the 4th quarter. D.A. Davidson & CO. now owns 621 shares of the technology company’s stock valued at $1,236,000 after acquiring an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

NYSE:FICO opened at $1,857.48 on Friday. The business has a 50 day moving average of $1,835.24 and a 200 day moving average of $1,984.50. The company has a market capitalization of $45.36 billion, a price-to-earnings ratio of 85.24, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.52.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. As a group, sell-side analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current year.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value 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. The trade was a 5.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the business’s 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 value of $10,843,422.30. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,241 shares of company stock valued at $18,186,184 in the last ninety days. Company insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the topic of several recent analyst reports. Wells Fargo & Company lowered their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group raised their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Robert W. Baird lowered their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Oppenheimer lowered their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. initiated coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price target on the stock. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,088.15.

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.