Los Angeles Capital Management LLC Has $6.99 Million Position in Fair Isaac Co. (NYSE:FICO)

Los Angeles Capital Management LLC reduced its stake in Fair Isaac Co. (NYSE:FICO) by 46.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,007 shares of the technology company’s stock after selling 5,215 shares during the period. Los Angeles Capital Management LLC’s holdings in Fair Isaac were worth $6,992,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Fair Isaac by 1.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 457,738 shares of the technology company’s stock worth $397,560,000 after buying an additional 4,584 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of 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 valued at $464,737,000 after acquiring an additional 398,900 shares during the last quarter. American Century Companies Inc. lifted its holdings in Fair Isaac by 39.6% during the third quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock worth $318,633,000 after acquiring an additional 104,161 shares during the period. Invesco Ltd. grew its stake in Fair Isaac by 13.6% in the 3rd quarter. Invesco Ltd. now owns 359,549 shares of the technology company’s stock valued at $312,279,000 after purchasing an additional 42,998 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Fair Isaac by 2.0% in the 3rd quarter. Northern Trust Corp now owns 271,382 shares of the technology company’s stock worth $235,703,000 after buying an additional 5,228 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Trading Up 2.4 %

FICO opened at $1,193.01 on Friday. The stock has a market capitalization of $29.48 billion, a P/E ratio of 62.63, a PEG ratio of 3.21 and a beta of 1.24. Fair Isaac Co. has a 12-month low of $729.54 and a 12-month high of $1,349.75. The stock has a 50-day moving average price of $1,226.09 and a 200-day moving average price of $1,159.95.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,638 shares in the company, valued at approximately $14,414,270.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 24,000 shares of company stock worth $29,011,120 in the last 90 days. 3.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FICO has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $1,350.00 price target on shares of Fair Isaac in a report on Friday, January 26th. Barclays upped their price target on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Raymond James boosted their price objective on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a research report on Monday, April 22nd. Finally, Jefferies Financial Group boosted their price target on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,224.40.

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.