EULAV Asset Management cut its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,900 shares of the technology company's stock after selling 4,300 shares during the quarter. Fair Isaac makes up approximately 2.7% of EULAV Asset Management's portfolio, making the stock its 5th biggest position. EULAV Asset Management owned 0.23% of Fair Isaac worth $113,284,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in FICO. International Assets Investment Management LLC lifted its holdings in 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 buying an additional 538,071 shares during the period. AustralianSuper Pty Ltd lifted its stake in shares of Fair Isaac by 1,270.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company's stock valued at $142,413,000 after purchasing an additional 67,931 shares during the period. FMR LLC boosted its position in shares of Fair Isaac by 46.1% during the 3rd 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 in the last quarter. Jennison Associates LLC grew its stake in Fair Isaac by 35.1% during the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company's stock worth $468,677,000 after purchasing an additional 62,653 shares during the period. Finally, Mizuho Securities USA LLC increased its holdings in Fair Isaac by 1,845.2% in the third quarter. Mizuho Securities USA LLC now owns 37,133 shares of the technology company's stock worth $72,169,000 after purchasing an additional 35,224 shares in the last quarter. Institutional investors own 85.75% of the company's stock.
Analysts Set New Price Targets
FICO has been the topic of a number of research analyst reports. Robert W. Baird cut their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Oppenheimer cut their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada reaffirmed 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. Barclays increased their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $2,500.00 target price on shares of Fair Isaac in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Fair Isaac has an average rating of "Moderate Buy" and an average price target of $2,078.15.
View Our Latest Report on Fair Isaac
Fair Isaac Stock Down 3.1 %
NYSE FICO traded down $57.01 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 company's fifty day moving average is $1,998.01 and its 200 day moving average is $1,967.82. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The stock has a market capitalization of $43.96 billion, a P/E ratio of 82.62, a P/E/G ratio of 3.61 and a beta of 1.39.
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%. On average, research analysts expect that Fair Isaac Co. will post 23.91 EPS for the current year.
Insiders Place Their Bets
In other news, Director Marc F. Mcmorris sold 520 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the sale, the director now owns 242 shares in the company, valued at $520,921.94. This trade represents a 68.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the completion of the sale, the executive vice president now directly owns 45,395 shares in the company, valued at $107,760,920.75. This trade represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,660 shares of company stock valued at $24,410,261 in the last 90 days. 3.46% of the stock is currently owned by corporate insiders.
Fair Isaac Profile
(
Free Report)
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.
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