Fair Isaac Co. (NYSE:FICO) Stock Position Raised by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its position in Fair Isaac Co. (NYSE:FICO) by 12.7% in the 4th quarter, Holdings Channel reports. The fund owned 9,335 shares of the technology company’s stock after buying an additional 1,054 shares during the period. Mackenzie Financial Corp’s holdings in Fair Isaac were worth $10,866,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. KB Financial Partners LLC purchased a new stake in Fair Isaac in the 2nd quarter worth approximately $34,000. Clear Street Markets LLC purchased a new stake in Fair Isaac in the 1st quarter worth approximately $34,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Fair Isaac in the 4th quarter worth approximately $35,000. Headlands Technologies LLC purchased a new stake in Fair Isaac in the 3rd quarter worth approximately $42,000. Finally, Assetmark Inc. purchased a new stake in Fair Isaac in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 2.8 %

NYSE:FICO opened at $1,130.06 on Friday. Fair Isaac Co. has a 1 year low of $692.87 and a 1 year high of $1,349.75. The firm’s fifty day simple moving average is $1,250.01 and its 200 day simple moving average is $1,138.67. The firm has a market capitalization of $28.08 billion, a PE ratio of 63.17, a PEG ratio of 2.55 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.11. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. The business had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. As a group, analysts anticipate that Fair Isaac Co. will post 19.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FICO has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Needham & Company LLC increased their target price on shares of Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Raymond James increased their price target on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Royal Bank of Canada restated a “sector perform” rating and set a $1,350.00 price target on shares of Fair Isaac in a research note on Friday, January 26th. Finally, Jefferies Financial Group increased their price target on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and an average target price of $1,180.45.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $1,259.91, for a total value of $10,079,280.00. Following the sale, the chief executive officer now directly owns 28,638 shares in the company, valued at approximately $36,081,302.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 24,000 shares of company stock worth $29,011,120. 3.54% of the stock is owned by insiders.

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.