Daiwa Securities Group Inc. Buys 175 Shares of Fair Isaac Co. (NYSE:FICO)

Daiwa Securities Group Inc. grew its holdings in Fair Isaac Co. (NYSE:FICO) by 8.4% in the fourth quarter, HoldingsChannel reports. The fund owned 2,261 shares of the technology company’s stock after buying an additional 175 shares during the period. Daiwa Securities Group Inc.’s holdings in Fair Isaac were worth $2,632,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cornercap Investment Counsel Inc. bought a new stake in shares of Fair Isaac in the fourth quarter valued at about $249,000. Patton Fund Management Inc. boosted its position in shares of Fair Isaac by 88.1% in the fourth quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock valued at $5,378,000 after acquiring an additional 2,164 shares during the period. SG Americas Securities LLC boosted its position in shares of Fair Isaac by 289.0% in the fourth quarter. SG Americas Securities LLC now owns 2,338 shares of the technology company’s stock valued at $2,721,000 after acquiring an additional 1,737 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Fair Isaac by 741.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,780 shares of the technology company’s stock valued at $4,152,000 after acquiring an additional 4,212 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Fair Isaac by 72.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,445 shares of the technology company’s stock valued at $6,338,000 after acquiring an additional 2,280 shares during the period. Institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $1,350.00 price objective on shares of Fair Isaac in a research report on Friday, January 26th. Raymond James upped their price objective on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Barclays upped their price objective 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. Redburn Atlantic initiated coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective for the company. Finally, Jefferies Financial Group upped their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and an average target price of $1,180.45.

Fair Isaac Trading Down 2.8 %

Shares of NYSE FICO opened at $1,130.06 on Monday. The company has a market cap of $28.08 billion, a price-to-earnings ratio of 63.17, a PEG ratio of 2.50 and a beta of 1.21. Fair Isaac Co. has a 12 month low of $692.87 and a 12 month high of $1,349.75. The stock has a 50-day moving average price of $1,250.01 and a two-hundred day moving average price of $1,142.76.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.11. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. The company had revenue of $382.06 million during the quarter, compared to the consensus estimate of $386.55 million. On average, sell-side analysts predict that Fair Isaac Co. will post 19.95 earnings per share for the current year.

Insider Activity

In other news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the transaction, the chief executive officer now owns 20,638 shares of the company’s stock, valued at $25,300,743.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 24,000 shares of company stock valued at $29,011,120 over the last quarter. 3.54% of the stock is owned by company insiders.

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.