Nordea Investment Management AB Sells 1,373 Shares of Fair Isaac Co. (NYSE:FICO)

Nordea Investment Management AB lessened its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,961 shares of the technology company's stock after selling 1,373 shares during the period. Nordea Investment Management AB owned 0.10% of Fair Isaac worth $50,049,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FICO. Heritage Family Offices LLP raised its stake in shares of Fair Isaac by 2.0% in the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company's stock valued at $498,000 after buying an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Fair Isaac by 5.7% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company's stock worth $216,000 after purchasing an additional 6 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its stake in Fair Isaac by 4.0% during the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company's stock worth $301,000 after purchasing an additional 6 shares during the period. Covestor Ltd boosted its holdings in Fair Isaac by 30.0% during the third quarter. Covestor Ltd now owns 26 shares of the technology company's stock valued at $52,000 after purchasing an additional 6 shares in the last quarter. Finally, 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 valued at $43,000 after purchasing an additional 6 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Henry Tayloe Stansbury sold 249 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the transaction, the director now directly owns 92 shares in the company, valued at $215,146.60. This trade represents a 73.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marc F. Mcmorris sold 520 shares of Fair Isaac stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the sale, the director now directly owns 242 shares of the company's stock, valued at approximately $520,921.94. This trade represents a 68.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,450 shares of company stock valued at $30,985,908. 3.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FICO. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research note on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price target on the stock. Oppenheimer lowered 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 report on Tuesday. Needham & Company LLC increased their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Barclays raised 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 report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus price target of $2,024.31.

Fair Isaac Price Performance

Shares of FICO stock traded up $26.61 on Wednesday, reaching $1,961.77. 165,463 shares of the stock were exchanged, compared to its average volume of 169,773. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.51. The stock has a market cap of $47.77 billion, a PE ratio of 95.93, a P/E/G ratio of 4.00 and a beta of 1.40. The stock has a 50 day moving average price of $2,180.92 and a 200 day moving average price of $1,909.38.

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.