Norges Bank Buys New Position in Fair Isaac Co. (NYSE:FICO)


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Norges Bank purchased a new stake in Fair Isaac Co. (NYSE:FICO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 180,212 shares of the technology company’s stock, valued at approximately $92,096,000. Norges Bank owned about 0.62% of Fair Isaac at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FICO. BlackRock Inc. increased its stake in Fair Isaac by 0.6% in the 4th quarter. BlackRock Inc. now owns 4,511,974 shares of the technology company’s stock valued at $2,305,800,000 after buying an additional 27,880 shares during the last quarter. WCM Investment Management LLC increased its position in shares of Fair Isaac by 18.3% during the fourth quarter. WCM Investment Management LLC now owns 524,923 shares of the technology company’s stock valued at $268,257,000 after acquiring an additional 81,250 shares during the last quarter. Valley Forge Capital Management LP increased its position in shares of Fair Isaac by 1.8% during the fourth quarter. Valley Forge Capital Management LP now owns 346,278 shares of the technology company’s stock valued at $176,962,000 after acquiring an additional 6,000 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Fair Isaac by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 213,908 shares of the technology company’s stock worth $109,315,000 after acquiring an additional 12,685 shares during the period. Finally, Morgan Stanley boosted its position in Fair Isaac by 253.8% in the fourth quarter. Morgan Stanley now owns 205,375 shares of the technology company’s stock worth $104,954,000 after purchasing an additional 147,324 shares during the last quarter. Institutional investors and hedge funds own 84.94% of the company’s stock.

A number of equities research analysts have recently commented on FICO shares. Jefferies Financial Group lifted their target price on Fair Isaac from $475.00 to $490.00 and gave the stock a “hold” rating in a research note on Monday, January 11th. Needham & Company LLC increased their target price on shares of Fair Isaac from $550.00 to $565.00 and gave the company a “buy” rating in a research report on Friday, January 29th. Zacks Investment Research raised shares of Fair Isaac from a “hold” rating to a “buy” rating and set a $543.00 price target on the stock in a report on Tuesday, March 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Fair Isaac in a report on Wednesday, January 20th. They set a “buy” rating and a $560.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $537.00.

In other Fair Isaac news, EVP James M. Wehmann sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $485.58, for a total transaction of $7,283,700.00. Following the completion of the sale, the executive vice president now directly owns 80,033 shares in the company, valued at $38,862,424.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joanna Rees sold 250 shares of the firm’s stock in a transaction dated Monday, February 1st. The shares were sold at an average price of $450.31, for a total value of $112,577.50. Following the transaction, the director now directly owns 4,630 shares in the company, valued at $2,084,935.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,178 shares of company stock valued at $20,759,124. 3.81% of the stock is owned by insiders.

FICO stock opened at $518.35 on Monday. The stock has a 50-day simple moving average of $472.34 and a two-hundred day simple moving average of $470.16. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.23. Fair Isaac Co. has a twelve month low of $287.15 and a twelve month high of $530.95. The firm has a market capitalization of $15.15 billion, a PE ratio of 65.70 and a beta of 1.18.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, January 27th. The technology company reported $2.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $1.16. The firm had revenue of $312.41 million during the quarter, compared to the consensus estimate of $319.65 million. Fair Isaac had a net margin of 18.26% and a return on equity of 98.78%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.80 EPS. On average, equities research analysts anticipate that Fair Isaac Co. will post 7.37 EPS for the current fiscal year.

Fair Isaac Profile

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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