Headlands Technologies LLC Makes New $750,000 Investment in Fair Isaac Co. (NYSE:FICO)

Headlands Technologies LLC bought a new position in shares of Fair Isaac Co. (NYSE:FICO) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 600 shares of the technology company’s stock, valued at approximately $750,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. purchased a new stake in Fair Isaac during the fourth quarter worth about $249,000. Patton Fund Management Inc. increased its stake in Fair Isaac by 88.1% during the fourth quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock worth $5,378,000 after purchasing an additional 2,164 shares during the period. Commerce Bank increased its stake in Fair Isaac by 704.8% during the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock worth $7,603,000 after purchasing an additional 5,328 shares during the period. Seven Eight Capital LP increased its stake in Fair Isaac by 140.0% during the fourth quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock worth $1,676,000 after purchasing an additional 840 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Fair Isaac by 44.5% during the first quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock worth $36,883,000 after purchasing an additional 9,094 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FICO shares. Wolfe Research began coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 price objective on shares of Fair Isaac in a report on Tuesday, June 11th. Redburn Atlantic assumed coverage on Fair Isaac in a report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective for the company. Finally, Raymond James increased their price objective on 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 analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,319.40.

Fair Isaac Stock Performance

NYSE:FICO traded up $26.83 during trading hours on Tuesday, hitting $1,616.86. The company’s stock had a trading volume of 64,080 shares, compared to its average volume of 180,647. The business’s 50-day moving average is $1,408.63 and its two-hundred day moving average is $1,293.21. The company has a market capitalization of $39.95 billion, a PE ratio of 83.47, a PEG ratio of 4.28 and a beta of 1.34. Fair Isaac Co. has a 52-week low of $810.26 and a 52-week high of $1,620.00.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $5.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $0.20. The firm had revenue of $433.81 million during the quarter, compared to analysts’ expectations of $425.94 million. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. As a group, analysts predict that Fair Isaac Co. will post 19.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fair Isaac news, EVP Mark R. Scadina sold 423 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $44,222,055.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Mark R. Scadina sold 423 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the sale, the executive vice president now owns 32,229 shares of the company’s stock, valued at $44,222,055.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joanna Rees sold 1,000 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the sale, the director now directly owns 21,118 shares in the company, valued at approximately $26,503,090. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,014 shares of company stock worth $21,888,518. 3.54% of the stock is owned by corporate insiders.

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.