Mitsubishi UFJ Trust & Banking Corp Boosts Stock Position in Fair Isaac Co. (NYSE:FICO)

Mitsubishi UFJ Trust & Banking Corp grew its position in Fair Isaac Co. (NYSE:FICO) by 13.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,596 shares of the technology company’s stock after acquiring an additional 2,231 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Fair Isaac were worth $37,023,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FICO. Rakuten Securities Inc. boosted its stake in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after acquiring an additional 8 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Fair Isaac in the 4th quarter worth $40,000. Avalon Trust Co acquired a new position in Fair Isaac during the 4th quarter valued at about $40,000. Finally, OFI Invest Asset Management purchased a new stake in Fair Isaac in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FICO. Jefferies Financial Group dropped their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Needham & Company LLC restated a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a research note on Wednesday, February 5th. Oppenheimer lowered their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group upped their target price on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lowered their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

Fair Isaac Trading Down 1.9 %

Shares of FICO stock opened at $1,883.85 on Thursday. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.52. The stock has a 50 day moving average of $1,831.78 and a 200 day moving average of $1,989.83. The stock has a market cap of $46.00 billion, a P/E ratio of 86.45, a P/E/G ratio of 3.27 and a beta of 1.41.

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

Insider Activity

In related news, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction on Thursday, January 9th. The shares were 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. This trade represents a 5.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 4,092 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,241 shares of company stock worth $18,186,184 in the last ninety days. Company insiders own 3.46% of the company’s stock.

Fair Isaac Company 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.