Fair Isaac Co. (NYSE:FICO) Stock Holdings Lowered by Kensico Capital Management Corp

Kensico Capital Management Corp lessened its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 2.6% in the 4th quarter, HoldingsChannel reports. The firm owned 235,480 shares of the technology company’s stock after selling 6,200 shares during the quarter. Fair Isaac makes up approximately 10.7% of Kensico Capital Management Corp’s holdings, making the stock its 3rd largest holding. Kensico Capital Management Corp’s holdings in Fair Isaac were worth $468,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Fair Isaac by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company’s stock valued at $5,781,051,000 after buying an additional 22,178 shares during the period. JPMorgan Chase & Co. grew its position in shares of Fair Isaac by 0.8% during the 4th quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company’s stock valued at $1,351,073,000 after acquiring an additional 5,371 shares during the period. Geode Capital Management LLC increased its stake in shares of Fair Isaac by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company’s stock valued at $1,318,630,000 after purchasing an additional 17,656 shares in the last quarter. Jennison Associates LLC raised its holdings in Fair Isaac by 5.4% in the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company’s stock worth $506,257,000 after purchasing an additional 13,133 shares during the period. Finally, Northern Trust Corp boosted its position in Fair Isaac by 20.1% during the fourth quarter. Northern Trust Corp now owns 254,201 shares of the technology company’s stock worth $506,096,000 after purchasing an additional 42,588 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the transaction, the executive vice president now owns 9,974 shares in the company, valued at approximately $20,517,016.70. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,135 shares of company stock worth $31,505,623 in the last ninety days. 3.46% of the stock is owned by insiders.

Fair Isaac Stock Performance

NYSE:FICO opened at $2,089.01 on Friday. Fair Isaac Co. has a one year low of $1,266.72 and a one year high of $2,402.52. The stock has a market cap of $50.85 billion, a PE ratio of 95.87, a P/E/G ratio of 3.27 and a beta of 1.40. The stock has a 50 day moving average price of $1,879.31 and a 200 day moving average price of $1,980.24.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping the consensus estimate of $7.33 by $0.48. The business had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.14 EPS. As a group, analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FICO. UBS Group reduced their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Oppenheimer upped their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Raymond James raised their price target on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Finally, Bank of America started coverage on Fair Isaac in a research note on Thursday, April 10th. They set a “buy” rating and a $2,800.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and an average target price of $2,268.54.

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.