ING Groep NV Purchases 2,860 Shares of Fair Isaac Co. (NYSE:FICO)

ING Groep NV boosted its position in Fair Isaac Co. (NYSE:FICO) by 356.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,662 shares of the technology company’s stock after acquiring an additional 2,860 shares during the quarter. ING Groep NV’s holdings in Fair Isaac were worth $7,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FICO. Covestor Ltd grew its stake in shares of Fair Isaac by 30.0% during the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after buying an additional 6 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares during the last quarter. Mechanics Bank Trust Department grew its stake in shares of Fair Isaac by 5.7% during the fourth quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock valued at $223,000 after buying an additional 6 shares during the last quarter. Alpha Cubed Investments LLC grew its stake in shares of Fair Isaac by 1.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock valued at $942,000 after buying an additional 6 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in shares of Fair Isaac by 2.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock valued at $609,000 after buying an additional 6 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Fair Isaac stock opened at $1,697.04 on Friday. The stock’s 50 day simple moving average is $1,919.33 and its two-hundred day simple moving average is $1,972.35. The stock has a market cap of $41.44 billion, a price-to-earnings ratio of 77.88, a PEG ratio of 3.33 and a beta of 1.39. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. On average, analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. The trade was a 5.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,170 shares of company stock valued at $27,132,248. 3.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FICO. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. UBS Group reduced their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. The Goldman Sachs Group boosted their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays boosted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group reduced their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,078.15.

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.