Amundi Purchases 1,741 Shares of Fair Isaac Corporation $FICO

Amundi boosted its position in Fair Isaac Corporation (NYSE:FICO) by 2.2% during the second quarter, Holdings Channel.com reports. The fund owned 82,380 shares of the technology company’s stock after acquiring an additional 1,741 shares during the period. Amundi’s holdings in Fair Isaac were worth $151,808,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after purchasing an additional 302 shares during the period. Citizens Financial Group Inc. RI purchased a new position in shares of Fair Isaac during the first quarter valued at approximately $207,000. Chicago Partners Investment Group LLC bought a new position in shares of Fair Isaac during the first quarter valued at approximately $190,000. Citigroup Inc. lifted its stake in Fair Isaac by 116.2% in the first quarter. Citigroup Inc. now owns 45,929 shares of the technology company’s stock worth $84,700,000 after acquiring an additional 24,685 shares during the period. Finally, Zions Bancorporation National Association UT bought a new stake in Fair Isaac in the first quarter valued at $349,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Up 1.6%

NYSE:FICO opened at $1,799.65 on Monday. The stock has a market cap of $42.67 billion, a price-to-earnings ratio of 67.78, a PEG ratio of 1.99 and a beta of 1.29. The company’s 50 day moving average price is $1,700.83 and its 200-day moving average price is $1,627.40. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,400.00.

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

Wall Street Analyst Weigh In

FICO has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. BMO Capital Markets lowered their price objective on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Fair Isaac in a report on Monday, December 1st. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday, August 18th. Finally, Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,076.77.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 2,400 shares of Fair Isaac stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the completion of the sale, the chief executive officer directly owned 10,933 shares in the company, valued at approximately $18,945,577.04. This trade represents a 18.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 14,422 shares of company stock worth $23,226,939 over the last 90 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.