Field & Main Bank Has $1.98 Million Stake in Fair Isaac Co. (NYSE:FICO)

Field & Main Bank reduced its holdings in Fair Isaac Co. (NYSE:FICO) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,700 shares of the technology company’s stock after selling 122 shares during the quarter. Field & Main Bank’s holdings in Fair Isaac were worth $1,979,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FICO. Cornercap Investment Counsel Inc. acquired a new stake in shares of Fair Isaac in the 4th quarter valued at about $249,000. Patton Fund Management Inc. raised its holdings in Fair Isaac by 88.1% during the fourth quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock worth $5,378,000 after buying an additional 2,164 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Fair Isaac by 289.0% in the fourth quarter. SG Americas Securities LLC now owns 2,338 shares of the technology company’s stock valued at $2,721,000 after buying an additional 1,737 shares in the last quarter. abrdn plc grew its holdings in shares of Fair Isaac by 33.1% during the fourth quarter. abrdn plc now owns 14,524 shares of the technology company’s stock valued at $16,906,000 after buying an additional 3,611 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Fair Isaac by 741.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,780 shares of the technology company’s stock worth $4,152,000 after acquiring an additional 4,212 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the transaction, the chief executive officer now directly owns 20,638 shares in the company, valued at $25,300,743.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 24,000 shares of company stock valued at $29,011,120 over the last three months. 3.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FICO shares. Raymond James raised their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 price target on shares of Fair Isaac in a report on Monday, April 22nd. Redburn Atlantic initiated coverage on Fair Isaac in a research note on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a research note on Friday, January 26th. Finally, Jefferies Financial Group increased their price target on Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,224.40.

Fair Isaac Stock Performance

NYSE FICO traded up $33.79 on Monday, hitting $1,144.64. 323,164 shares of the stock traded hands, compared to its average volume of 173,923. The business’s fifty day moving average is $1,235.03 and its two-hundred day moving average is $1,154.52. Fair Isaac Co. has a 12 month low of $714.63 and a 12 month high of $1,349.75. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 60.09, a PEG ratio of 2.46 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.11. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. The firm had revenue of $382.06 million for the quarter, compared to analysts’ expectations of $386.55 million. Analysts expect that Fair Isaac Co. will post 19.93 EPS for the current fiscal year.

Fair Isaac 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.