Fair Isaac Co. (NYSE:FICO) Stake Cut by Congress Asset Management Co.

Congress Asset Management Co. lessened its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,733 shares of the technology company's stock after selling 1,174 shares during the quarter. Congress Asset Management Co. owned approximately 0.06% of Fair Isaac worth $27,341,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in Fair Isaac by 11.2% in the 3rd quarter. Creative Planning now owns 4,429 shares of the technology company's stock valued at $8,608,000 after acquiring an additional 445 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Fair Isaac by 15.4% in the third quarter. Global Retirement Partners LLC now owns 202 shares of the technology company's stock valued at $393,000 after purchasing an additional 27 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Fair Isaac by 0.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,801 shares of the technology company's stock worth $5,444,000 after buying an additional 16 shares during the period. Stratos Investment Management LLC purchased a new position in Fair Isaac during the third quarter worth about $206,000. Finally, Net Worth Advisory Group acquired a new stake in Fair Isaac in the 3rd quarter worth about $415,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on FICO. Oppenheimer dropped their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group dropped their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price target on the stock. 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. Finally, Wells Fargo & Company cut their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and a consensus target price of $2,078.15.

Fair Isaac Trading Down 1.7 %

NYSE:FICO traded down $30.29 during mid-day trading on Thursday, hitting $1,724.97. The company had a trading volume of 149,357 shares, compared to its average volume of 225,923. The business has a fifty day simple moving average of $1,937.97 and a 200-day simple moving average of $1,973.29. The firm has a market capitalization of $42.12 billion, a price-to-earnings ratio of 79.16, a PEG ratio of 3.40 and a beta of 1.39. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Activity

In related news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven P. Weber sold 139 shares of the firm's stock in a transaction that occurred on Thursday, January 9th. The shares were 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 of the company's stock, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,170 shares of company stock worth $27,132,248 over the last 90 days. Company 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.