Aster Capital Management DIFC Ltd Cuts Position in Fair Isaac Co. (NYSE:FICO)

Aster Capital Management DIFC Ltd lessened its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 66.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103 shares of the technology company's stock after selling 208 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Fair Isaac were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its position in shares of Fair Isaac by 134.7% during the 4th quarter. Federated Hermes Inc. now owns 20,595 shares of the technology company's stock worth $41,003,000 after purchasing an additional 11,819 shares in the last quarter. Alcosta Capital Management Inc. boosted its holdings in Fair Isaac by 0.3% during the fourth quarter. Alcosta Capital Management Inc. now owns 3,279 shares of the technology company's stock worth $6,528,000 after buying an additional 9 shares in the last quarter. Oarsman Capital Inc. grew its position in Fair Isaac by 76.7% during the fourth quarter. Oarsman Capital Inc. now owns 53 shares of the technology company's stock worth $106,000 after buying an additional 23 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in Fair Isaac in the fourth quarter valued at about $16,302,000. Finally, Prudential PLC lifted its position in shares of Fair Isaac by 94.9% during the 4th quarter. Prudential PLC now owns 840 shares of the technology company's stock valued at $1,672,000 after acquiring an additional 409 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts recently weighed in on FICO shares. Robert W. Baird dropped their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company dropped their price target 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. Bank of America initiated coverage on shares of Fair Isaac in a research report on Thursday. They issued a "buy" rating and a $2,800.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and set a $2,500.00 target price on shares of Fair Isaac in a report on Friday. Finally, Barclays cut their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $2,131.86.

Fair Isaac Price Performance

FICO traded up $44.70 during trading on Friday, hitting $1,894.76. The company's stock had a trading volume of 230,904 shares, compared to its average volume of 181,029. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.52. The firm's 50 day moving average price is $1,814.70 and its 200-day moving average price is $1,982.11. The stock has a market cap of $46.27 billion, a PE ratio of 86.96, a PEG ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results 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 negative return on equity of 53.40% and a net margin of 30.66%. Equities analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 2,956 shares of the company's stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $74,210,495.94. This represents a 6.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have sold 13,058 shares of company stock valued at $23,119,030. Insiders own 3.46% of the company's stock.

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.