AXQ Capital LP Invests $850,000 in Fair Isaac Co. (NYSE:FICO)

AXQ Capital LP acquired a new position in shares of Fair Isaac Co. (NYSE:FICO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 427 shares of the technology company’s stock, valued at approximately $850,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mechanics Bank Trust Department raised its position in Fair Isaac by 5.7% during the 4th quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock worth $223,000 after purchasing an additional 6 shares during the last quarter. Alpha Cubed Investments LLC raised its position in Fair Isaac by 1.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock worth $942,000 after purchasing an additional 6 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in Fair Isaac by 2.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock worth $609,000 after acquiring an additional 6 shares during the period. Mather Group LLC. grew its holdings in Fair Isaac by 5.2% during the 4th quarter. Mather Group LLC. now owns 122 shares of the technology company’s stock worth $243,000 after acquiring an additional 6 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in Fair Isaac by 1.0% during the 4th quarter. D.A. Davidson & CO. now owns 621 shares of the technology company’s stock worth $1,236,000 after acquiring an additional 6 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Insider Activity

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William J. Lansing sold 4,092 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $72,801,401.22. The trade was a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,241 shares of company stock valued at $18,186,184 over the last three months. Insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on FICO. The Goldman Sachs Group increased their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Robert W. Baird dropped their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. UBS Group decreased 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 report on Monday, January 27th. Oppenheimer cut their price target on 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. Finally, JPMorgan Chase & Co. began coverage on Fair Isaac in a research note on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $2,088.15.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $1,857.48 on Friday. The stock has a market capitalization of $45.36 billion, a PE ratio of 85.24, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The company has a 50-day simple moving average of $1,835.24 and a two-hundred day simple moving average of $1,984.50.

Fair Isaac (NYSE:FICO) last issued 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 negative return on equity of 53.40% and a net margin of 30.66%. As a group, equities research analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

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.