abrdn plc Buys 3,611 Shares of Fair Isaac Co. (NYSE:FICO)

abrdn plc lifted its stake in Fair Isaac Co. (NYSE:FICO) by 33.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,524 shares of the technology company’s stock after buying an additional 3,611 shares during the quarter. abrdn plc’s holdings in Fair Isaac were worth $16,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Resonant Capital Advisors LLC bought a new stake in Fair Isaac during the 4th quarter valued at approximately $281,000. Dock Street Asset Management Inc. raised its stake in Fair Isaac by 0.6% during the 4th quarter. Dock Street Asset Management Inc. now owns 16,762 shares of the technology company’s stock valued at $19,511,000 after purchasing an additional 94 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Fair Isaac by 76.5% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 60 shares of the technology company’s stock valued at $70,000 after purchasing an additional 26 shares during the period. Daiwa Securities Group Inc. raised its stake in Fair Isaac by 8.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,261 shares of the technology company’s stock valued at $2,632,000 after purchasing an additional 175 shares during the period. Finally, TRUE Private Wealth Advisors bought a new stake in Fair Isaac during the 4th quarter valued at approximately $407,000. Institutional investors own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the completion of the transaction, the chief executive officer now owns 20,638 shares in the company, valued at approximately $25,300,743.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 24,000 shares of company stock worth $29,011,120 in the last quarter. 3.54% of the stock is owned by company insiders.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $1,193.03 on Thursday. The stock has a market cap of $29.65 billion, a price-to-earnings ratio of 66.69, a price-to-earnings-growth ratio of 2.55 and a beta of 1.21. The stock has a 50 day moving average price of $1,243.37 and a 200-day moving average price of $1,147.33. Fair Isaac Co. has a one year low of $708.00 and a one year high of $1,349.75.

Fair Isaac (NYSE:FICO) last announced its earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.11. The firm had revenue of $382.06 million during the quarter, compared to analysts’ expectations of $386.55 million. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. Sell-side analysts predict that Fair Isaac Co. will post 19.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FICO shares. Barclays lifted their target price 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. Redburn Atlantic initiated coverage on Fair Isaac in a research note on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 target price on the stock. Jefferies Financial Group lifted their price objective on 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. 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, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $1,180.45.

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.