Capital International Investors Sells 50,510 Shares of Fair Isaac Co. (NYSE:FICO)

Capital International Investors reduced its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 27.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,481 shares of the technology company's stock after selling 50,510 shares during the quarter. Capital International Investors owned 0.56% of Fair Isaac worth $271,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. CANADA LIFE ASSURANCE Co grew its position in Fair Isaac by 5.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 24,753 shares of the technology company's stock worth $49,224,000 after acquiring an additional 1,347 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Fair Isaac by 40.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 5,736 shares of the technology company's stock valued at $11,420,000 after purchasing an additional 1,648 shares during the last quarter. Farringdon Capital Ltd. purchased a new position in shares of Fair Isaac during the 4th quarter valued at about $315,000. Jump Financial LLC bought a new stake in Fair Isaac in the 4th quarter worth approximately $4,280,000. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Fair Isaac in the fourth quarter worth approximately $31,108,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Analyst Ratings Changes

FICO has been the subject of a number of research reports. Robert W. Baird cut their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. UBS Group dropped their target price on 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $2,500.00 price target on shares of Fair Isaac in a research note on Friday, April 11th. Finally, Bank of America began coverage on Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Fair Isaac presently has an average rating of "Moderate Buy" and an average price target of $2,210.23.

Insider Activity

In related news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 13,058 shares of company stock worth $23,119,030 in the last quarter. 3.46% of the stock is owned by company insiders.

Fair Isaac Trading Up 0.7 %

NYSE FICO traded up $12.93 during trading on Thursday, hitting $1,938.99. The company had a trading volume of 67,759 shares, compared to its average volume of 204,762. The company's fifty day moving average is $1,826.47 and its 200-day moving average is $1,979.79. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.51. The company has a market cap of $47.35 billion, a price-to-earnings ratio of 88.98, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. As a group, equities analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current year.

Fair Isaac Company 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.