OMERS ADMINISTRATION Corp Acquires 947 Shares of Fair Isaac Corporation $FICO

OMERS ADMINISTRATION Corp grew its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 56.7% in the 1st quarter, HoldingsChannel reports. The firm owned 2,617 shares of the technology company’s stock after acquiring an additional 947 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Fair Isaac were worth $2,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Lombard Odier Asset Management Switzerland SA purchased a new position in shares of Fair Isaac in the 1st quarter worth about $734,000. St. Louis Trust Co increased its holdings in Fair Isaac by 16.5% during the first quarter. St. Louis Trust Co now owns 734 shares of the technology company’s stock worth $784,000 after buying an additional 104 shares during the last quarter. Boreal Capital Management LLC increased its holdings in Fair Isaac by 9.8% during the first quarter. Boreal Capital Management LLC now owns 803 shares of the technology company’s stock worth $857,000 after buying an additional 72 shares during the last quarter. Morningstar Investment Management LLC bought a new stake in Fair Isaac in the first quarter worth about $282,000. Finally, M.D. Sass LLC raised its position in Fair Isaac by 34.3% in the first quarter. M.D. Sass LLC now owns 44,221 shares of the technology company’s stock worth $47,208,000 after acquiring an additional 11,298 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Weiss Ratings raised shares of Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Robert W. Baird set a $1,549.00 price objective on Fair Isaac in a research note on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price objective on Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Finally, Wells Fargo & Company decreased their target price on Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,627.93.

Fair Isaac Stock Up 4.3%

NYSE FICO opened at $1,335.37 on Wednesday. The company has a market cap of $30.97 billion, a PE ratio of 42.30, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29. Fair Isaac Corporation has a 52 week low of $870.01 and a 52 week high of $1,998.01. The firm’s 50-day simple moving average is $1,217.73 and its two-hundred day simple moving average is $1,239.24.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, April 28th. The technology company reported $12.50 earnings per share for the quarter, topping analysts’ consensus estimates of $11.03 by $1.47. The firm had revenue of $691.68 million during the quarter, compared to analyst estimates of $630.21 million. Fair Isaac had a net margin of 33.67% and a negative return on equity of 41.04%. The company’s quarterly revenue was up 38.7% on a year-over-year basis. During the same quarter last year, the business earned $7.81 earnings per share. As a group, equities research analysts anticipate that Fair Isaac Corporation will post 38 EPS for the current year.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.