abrdn plc Sells 1,339 Shares of Fair Isaac Co. (NYSE:FICO)

abrdn plc reduced its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,529 shares of the technology company's stock after selling 1,339 shares during the quarter. abrdn plc's holdings in Fair Isaac were worth $12,980,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Fair Isaac by 0.5% in the third quarter. State Street Corp now owns 1,045,165 shares of the technology company's stock valued at $2,031,299,000 after buying an additional 5,472 shares during the period. JPMorgan Chase & Co. grew its position in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock valued at $1,308,460,000 after purchasing an additional 7,466 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Fair Isaac by 1.0% in the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company's stock valued at $1,251,537,000 after purchasing an additional 6,510 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Fair Isaac by 189,461.6% in the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company's stock valued at $1,046,304,000 after purchasing an additional 538,071 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after purchasing an additional 1,977 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on FICO. Wells Fargo & Company reduced their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Needham & Company LLC restated a "buy" rating and set a $2,500.00 target price on shares of Fair Isaac in a research report on Wednesday, February 5th. Oppenheimer reduced their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. UBS Group reduced their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, The Goldman Sachs Group upped their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average price target of $2,078.15.

Fair Isaac Stock Down 3.1 %

Shares of NYSE FICO traded down $57.01 during midday trading on Tuesday, reaching $1,800.34. The company had a trading volume of 194,635 shares, compared to its average volume of 241,483. The firm's fifty day moving average price is $1,998.01 and its 200-day moving average price is $1,967.82. The stock has a market cap of $43.96 billion, a PE ratio of 82.62, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts' consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. As a group, equities research analysts expect that Fair Isaac Co. will post 23.91 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the company'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 owns 2,478 shares in the company, valued at $4,867,832.76. This represents a 5.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the sale, the executive vice president now owns 45,395 shares in the company, valued at approximately $107,760,920.75. This represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,660 shares of company stock valued at $24,410,261 in the last 90 days. 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.