Janney Montgomery Scott LLC Grows Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Janney Montgomery Scott LLC grew its position in Fair Isaac Co. (NYSE:FICOFree Report) by 16.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,630 shares of the technology company’s stock after buying an additional 929 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Fair Isaac were worth $8,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FICO. International Assets Investment Management LLC increased its stake in Fair Isaac by 112,366.2% during the fourth quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock worth $464,737,000 after purchasing an additional 398,900 shares during the period. American Century Companies Inc. lifted its holdings in Fair Isaac by 39.6% during the 3rd quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock worth $318,633,000 after buying an additional 104,161 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Fair Isaac by 30.2% in the first quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock worth $445,660,000 after acquiring an additional 82,699 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Fair Isaac by 25.2% during the fourth quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock worth $330,072,000 after acquiring an additional 57,010 shares during the period. Finally, Norges Bank acquired a new stake in shares of Fair Isaac in the fourth quarter valued at $259,509,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FICO. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price target on shares of Fair Isaac in a report on Tuesday, June 11th. Redburn Atlantic began coverage on 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, Raymond James raised their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,274.33.

Check Out Our Latest Stock Report on FICO

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,530.89 on Tuesday. The firm’s fifty day simple moving average is $1,369.10 and its 200-day simple moving average is $1,279.08. Fair Isaac Co. has a 12 month low of $792.47 and a 12 month high of $1,555.06. The stock has a market capitalization of $37.83 billion, a price-to-earnings ratio of 80.36, a PEG ratio of 4.18 and a beta of 1.34.

Fair Isaac (NYSE:FICOGet Free Report) last announced its earnings results on Thursday, April 25th. The technology company reported $5.09 EPS for the quarter, beating analysts’ consensus estimates of $4.89 by $0.20. The business had revenue of $433.81 million during the quarter, compared to analysts’ expectations of $425.94 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. Analysts anticipate that Fair Isaac Co. will post 19.75 earnings per share for the current year.

Insider Buying and Selling

In other Fair Isaac news, Director Joanna Rees sold 1,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the completion of the transaction, the director now owns 21,118 shares in the company, valued at $26,503,090. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Mark R. Scadina sold 423 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total value of $580,406.76. Following the sale, the executive vice president now owns 32,229 shares in the company, valued at approximately $44,222,055.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joanna Rees sold 1,000 shares of Fair Isaac stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the transaction, the director now directly owns 21,118 shares of the company’s stock, valued at $26,503,090. The disclosure for this sale can be found here. Insiders sold a total of 24,014 shares of company stock valued at $31,012,918 over the last three months. 3.54% of the stock is currently owned by company insiders.

About Fair Isaac

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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