KLP Kapitalforvaltning AS Buys New Stake in Fair Isaac Co. (NYSE:FICO)

KLP Kapitalforvaltning AS bought a new stake in Fair Isaac Co. (NYSE:FICO) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 13,630 shares of the technology company’s stock, valued at approximately $27,136,000.

A number of other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after acquiring an additional 1,977 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Fair Isaac by 5.4% during the third quarter. Thrivent Financial for Lutherans now owns 4,185 shares of the technology company’s stock worth $8,134,000 after purchasing an additional 214 shares during the period. Quest Partners LLC acquired a new stake in shares of Fair Isaac during the third quarter worth about $688,000. PNC Financial Services Group Inc. boosted its stake in shares of Fair Isaac by 15.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,901 shares of the technology company’s stock valued at $5,638,000 after purchasing an additional 381 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of Fair Isaac by 169.0% in the third quarter. Advisors Asset Management Inc. now owns 113 shares of the technology company’s stock valued at $220,000 after purchasing an additional 71 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,241 shares of company stock valued at $18,186,184. 3.46% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird reduced their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. UBS Group reduced their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company lowered their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Oppenheimer reduced their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,088.15.

Fair Isaac Trading Up 0.2 %

FICO stock opened at $1,857.48 on Friday. The business has a 50 day simple moving average of $1,835.24 and a 200-day simple moving average of $1,986.57. The company has a market capitalization of $45.36 billion, a P/E ratio of 85.24, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Research analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

About Fair Isaac

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.