Central Pacific Bank Trust Division Trims Stake in Fair Isaac Co. (NYSE:FICO)

Central Pacific Bank Trust Division trimmed its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 59.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 350 shares of the technology company's stock after selling 519 shares during the quarter. Central Pacific Bank Trust Division's holdings in Fair Isaac were worth $697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FICO. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac in the 3rd quarter worth $25,000. True Wealth Design LLC lifted its stake in shares of Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock valued at $39,000 after buying an additional 18 shares in the last quarter. Meeder Asset Management Inc. grew its holdings 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. Versant Capital Management Inc increased its position in shares of Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock worth $48,000 after acquiring an additional 20 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company's stock worth $52,000 after acquiring an additional 6 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Insider Activity at Fair Isaac

In related news, Director Marc F. Mcmorris sold 520 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the sale, the director now directly owns 242 shares in the company, valued at approximately $520,921.94. The trade was a 68.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now owns 92 shares of the company's stock, valued at approximately $215,146.60. This represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,450 shares of company stock worth $30,985,908. Company insiders own 3.54% of the company's stock.

Analyst Upgrades and Downgrades

FICO has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. Needham & Company LLC lifted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Barclays increased their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. started coverage on shares of Fair Isaac in a report on Friday, December 20th. They set a "neutral" rating and a $2,150.00 price objective on the stock. Finally, UBS Group initiated coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $2,032.46.

Fair Isaac Stock Performance

FICO traded down $29.66 during midday trading on Friday, reaching $1,966.26. The company had a trading volume of 197,160 shares, compared to its average volume of 178,630. The stock has a market cap of $47.87 billion, a PE ratio of 96.15, a P/E/G ratio of 4.05 and a beta of 1.40. The business has a 50-day moving average price of $2,184.06 and a two-hundred day moving average price of $1,898.20. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.51.

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.