KP Management LLC Has $3.47 Million Stake in Fair Isaac Corporation $FICO

KP Management LLC increased its stake in Fair Isaac Corporation (NYSE:FICO) by 46.2% in the second quarter, Holdings Channel.com reports. The firm owned 1,900 shares of the technology company’s stock after purchasing an additional 600 shares during the quarter. KP Management LLC’s holdings in Fair Isaac were worth $3,473,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FICO. Edgewood Management LLC bought a new position in shares of Fair Isaac during the second quarter worth about $612,785,000. Norges Bank acquired a new stake in shares of Fair Isaac in the second quarter valued at approximately $365,831,000. Brown Advisory Inc. lifted its position in shares of Fair Isaac by 2,047.5% in the second quarter. Brown Advisory Inc. now owns 99,387 shares of the technology company’s stock worth $181,676,000 after purchasing an additional 94,759 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Fair Isaac by 29.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock worth $584,193,000 after purchasing an additional 72,518 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Fair Isaac in the 2nd quarter valued at $85,183,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Up 1.0%

Shares of FICO stock opened at $1,844.13 on Friday. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,217.60. The company has a market capitalization of $43.72 billion, a PE ratio of 69.46, a price-to-earnings-growth ratio of 2.05 and a beta of 1.29. The firm has a 50 day moving average price of $1,716.12 and a two-hundred day moving average price of $1,632.41.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share for the quarter, topping the consensus estimate of $7.36 by $0.38. The business had revenue of $515.75 million during the quarter, compared to analysts’ expectations of $512.38 million. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the firm posted $6.54 EPS. As a group, research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Analyst Upgrades and Downgrades

FICO has been the subject of several analyst reports. Barclays raised their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Oppenheimer cut Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research report on Monday, August 18th. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Jefferies Financial Group reduced their price target on Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2,076.77.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 4,942 shares of Fair Isaac stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the sale, the chief executive officer owned 43,207 shares in the company, valued at $70,485,307.38. The trade was a 10.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 8,411 shares of company stock worth $13,985,026 over the last 90 days. 3.46% of the stock is currently owned by company 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.