Chevy Chase Trust Holdings LLC Reduces Position in Fair Isaac Co. (NYSE:FICO)

Chevy Chase Trust Holdings LLC lowered its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,147 shares of the technology company's stock after selling 360 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Fair Isaac worth $25,551,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Swedbank AB increased its holdings in Fair Isaac by 11.5% during the third quarter. Swedbank AB now owns 9,822 shares of the technology company's stock worth $19,089,000 after buying an additional 1,013 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Fair Isaac by 86.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company's stock valued at $1,477,000 after purchasing an additional 352 shares during the last quarter. BNP Paribas acquired a new position in shares of Fair Isaac in the third quarter valued at $445,000. Great Valley Advisor Group Inc. acquired a new position in shares of Fair Isaac in the second quarter valued at $529,000. Finally, FMR LLC increased its holdings in shares of Fair Isaac by 46.1% in the third quarter. FMR LLC now owns 207,026 shares of the technology company's stock valued at $402,358,000 after purchasing an additional 65,297 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Insiders Place Their Bets

In related news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the transaction, the executive vice president now owns 48,895 shares in the company, valued at $113,456,446.95. This trade represents a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,390 shares of company stock valued at $21,901,887. Corporate insiders own 3.54% of the company's stock.

Fair Isaac Stock Up 1.1 %

Shares of NYSE:FICO traded up $26.15 during trading on Wednesday, hitting $2,371.47. The stock had a trading volume of 128,296 shares, compared to its average volume of 169,078. Fair Isaac Co. has a 12 month low of $1,099.74 and a 12 month high of $2,402.51. The company has a market capitalization of $57.74 billion, a PE ratio of 117.00, a PEG ratio of 4.29 and a beta of 1.36. The firm's fifty day moving average is $2,117.64 and its 200 day moving average is $1,777.29.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FICO shares. Royal Bank of Canada restated a "sector perform" rating and issued a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. UBS Group began coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price objective for the company. Barclays increased their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Needham & Company LLC increased their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company increased their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and an average target price of $1,998.75.

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.