Desjardins Global Asset Management Inc. Buys 27 Shares of Fair Isaac Co. (NYSE:FICO)

Desjardins Global Asset Management Inc. increased its position in Fair Isaac Co. (NYSE:FICO) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,299 shares of the technology company’s stock after acquiring an additional 27 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Fair Isaac were worth $1,513,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC purchased a new position in Fair Isaac in the 2nd quarter worth approximately $66,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Fair Isaac during the 4th quarter valued at $35,000. KB Financial Partners LLC purchased a new stake in Fair Isaac during the 2nd quarter valued at $34,000. Headlands Technologies LLC purchased a new stake in Fair Isaac during the 3rd quarter valued at $42,000. Finally, Clear Street Markets LLC purchased a new stake in Fair Isaac during the 1st quarter valued at $34,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 0.2 %

Shares of NYSE:FICO opened at $1,152.27 on Wednesday. Fair Isaac Co. has a 12 month low of $686.08 and a 12 month high of $1,349.75. The company has a 50-day moving average price of $1,259.59 and a 200 day moving average price of $1,136.53. The company has a market cap of $28.63 billion, a price-to-earnings ratio of 64.41, a PEG ratio of 2.55 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last announced 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 net margin of 29.20% and a negative return on equity of 57.80%. The firm had revenue of $382.06 million during the quarter, compared to the consensus estimate of $386.55 million. As a group, equities analysts forecast that Fair Isaac Co. will post 19.95 EPS for the current year.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on FICO. Jefferies Financial Group boosted their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Raymond James upped their price objective on Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $1,350.00 price objective on shares of Fair Isaac in a research note on Friday, January 26th. Barclays upped their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Finally, Needham & Company LLC upped their price objective on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,180.45.

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.