Alberta Investment Management Corp Cuts Stock Position in Fair Isaac Co. (NYSE:FICO)

Alberta Investment Management Corp decreased its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 12.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,100 shares of the technology company's stock after selling 300 shares during the period. Alberta Investment Management Corp's holdings in Fair Isaac were worth $4,181,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FICO. Capital Performance Advisors LLP purchased a new position in Fair Isaac in the third quarter worth about $25,000. True Wealth Design LLC increased its holdings 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 worth $39,000 after purchasing an additional 18 shares during the last quarter. Berbice Capital Management LLC purchased a new position in shares of Fair Isaac in the fourth quarter valued at $40,000. Meeder Asset Management Inc. grew its stake in shares of Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock worth $43,000 after buying an additional 6 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Fair Isaac by 500.0% in 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. Institutional investors own 85.75% of the company's stock.

Insider Activity

In related news, EVP James M. Wehmann sold 3,500 shares of the firm's 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 value of $8,308,475.00. Following the completion of the transaction, the executive vice president now directly owns 45,395 shares of the company's stock, valued at $107,760,920.75. This trade represents a 7.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. Insiders sold 13,170 shares of company stock valued at $27,132,248 in the last three months. 3.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Barclays increased their price target on 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. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a research note on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price objective for the company. UBS Group reduced their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $2,500.00 price target on shares of Fair Isaac in a research note on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Fair Isaac has an average rating of "Moderate Buy" and an average price target of $2,078.15.

Fair Isaac Price Performance

Shares of NYSE:FICO traded down $28.50 during trading on Friday, reaching $1,697.04. The company had a trading volume of 157,613 shares, compared to its average volume of 223,912. The stock's fifty day moving average price is $1,928.65 and its 200 day moving average price is $1,971.56. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51. The firm has a market capitalization of $41.44 billion, a price-to-earnings ratio of 77.88, a price-to-earnings-growth ratio of 3.33 and a beta of 1.39.

Fair Isaac (NYSE:FICO - Get Free Report) last issued 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 net margin of 30.66% and a negative return on equity of 53.40%. On average, equities analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

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.