Fair Isaac Co. (NYSE:FICO) Shares Purchased by Colonial Trust Co SC

Colonial Trust Co SC raised its position in Fair Isaac Co. (NYSE:FICO) by 71.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24 shares of the technology company’s stock after purchasing an additional 10 shares during the quarter. Colonial Trust Co SC’s holdings in Fair Isaac were worth $48,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. lifted its position in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after buying an additional 8 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Fair Isaac during the 4th quarter valued at $26,000. Berbice Capital Management LLC purchased a new stake in Fair Isaac during the 4th quarter worth $40,000. Avalon Trust Co purchased a new position in Fair Isaac in the fourth quarter valued at about $40,000. Finally, OFI Invest Asset Management acquired a new position in shares of Fair Isaac during the fourth quarter worth about $42,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Trading Down 0.8 %

Shares of NYSE:FICO opened at $2,089.01 on Friday. Fair Isaac Co. has a twelve month low of $1,266.72 and a twelve month high of $2,402.52. The firm has a market cap of $50.85 billion, a P/E ratio of 95.87, a P/E/G ratio of 3.27 and a beta of 1.40. The company has a 50 day moving average of $1,879.31 and a 200-day moving average of $1,980.37.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.33 by $0.48. The company had revenue of $498.74 million for the quarter, compared to analysts’ expectations of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $6.14 EPS. Equities research analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 2,956 shares of Fair Isaac stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $74,210,495.94. The trade was a 6.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the sale, the executive vice president now directly owns 9,974 shares of the company’s stock, 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 a total of 17,135 shares of company stock valued at $31,505,623 over the last three months. Company insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FICO shares. Bank of America initiated coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They set a “buy” rating and a $2,800.00 target price on the stock. Barclays reduced their price objective on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. Raymond James lifted 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 report on Wednesday, April 30th. Oppenheimer increased 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 note on Thursday. Finally, Wells Fargo & Company decreased their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac currently has a consensus 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.