Federated Hermes Inc. Has $10.77 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Federated Hermes Inc. decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 46.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,256 shares of the technology company’s stock after selling 7,910 shares during the quarter. Federated Hermes Inc.’s holdings in Fair Isaac were worth $10,774,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new position in Fair Isaac during the fourth quarter worth about $35,000. Headlands Technologies LLC acquired a new position in Fair Isaac during the third quarter worth about $42,000. Assetmark Inc. acquired a new position in Fair Isaac during the third quarter worth about $44,000. KB Financial Partners LLC raised its stake in Fair Isaac by 26.2% during the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after acquiring an additional 11 shares in the last quarter. Finally, Operose Advisors LLC acquired a new position in Fair Isaac during the third quarter worth about $50,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Raymond James boosted their target price on 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 reaffirmed a “sector perform” rating and issued a $1,350.00 price objective on shares of Fair Isaac in a research note on Friday, January 26th. Jefferies Financial Group upped their price objective on Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 price objective on shares of Fair Isaac in a research note on Monday. Finally, Barclays upped their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,180.45.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was 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 $36,081,302.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 24,000 shares of company stock worth $29,011,120 over the last ninety days. Insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,188.40 on Wednesday. The business’s 50 day simple moving average is $1,245.39 and its 200 day simple moving average is $1,147.01. Fair Isaac Co. has a one year low of $708.00 and a one year high of $1,349.75. The stock has a market capitalization of $29.53 billion, a PE ratio of 66.43, a PEG ratio of 2.50 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last announced its earnings results on Thursday, January 25th. The technology company reported $3.87 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 business had revenue of $382.06 million for the quarter, compared to analysts’ expectations of $386.55 million. As a group, research analysts expect that Fair Isaac Co. will post 19.95 earnings per share 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.