Commerce Bank Sells 587 Shares of Fair Isaac Co. (NYSE:FICO)

Commerce Bank decreased its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,499 shares of the technology company's stock after selling 587 shares during the period. Commerce Bank's holdings in Fair Isaac were worth $8,957,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FICO. CANADA LIFE ASSURANCE Co lifted its position in shares of Fair Isaac by 5.8% during 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 raised its stake 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 period. Farringdon Capital Ltd. purchased a new stake in Fair Isaac during the 4th quarter worth about $315,000. Jump Financial LLC bought a new position in Fair Isaac in the 4th quarter worth about $4,280,000. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Fair Isaac during the 4th quarter valued at about $31,108,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the completion of the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 13,058 shares of company stock worth $23,119,030. Insiders own 3.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays cut their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. UBS Group lowered their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Robert W. Baird reduced their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group lowered their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus price target of $2,210.23.

Fair Isaac Trading Up 0.5 %

Shares of FICO stock traded up $10.22 during trading hours on Thursday, hitting $1,936.28. 181,717 shares of the company's stock were exchanged, compared to its average volume of 180,114. The company has a market capitalization of $47.28 billion, a PE ratio of 88.86, a PEG ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52. The business's 50 day simple moving average is $1,826.47 and its 200-day simple moving average is $1,979.79.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 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%. 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.