Rhumbline Advisers Trims Stock Position in Fair Isaac Co. (NYSE:FICO)

Rhumbline Advisers reduced its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 50,006 shares of the technology company's stock after selling 1,413 shares during the quarter. Rhumbline Advisers owned 0.21% of Fair Isaac worth $99,558,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company's stock worth $1,046,304,000 after purchasing an additional 538,071 shares during the period. AustralianSuper Pty Ltd boosted its holdings in Fair Isaac by 1,270.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company's stock worth $142,413,000 after buying an additional 67,931 shares during the period. FMR LLC grew its stake in Fair Isaac by 46.1% in the 3rd quarter. FMR LLC now owns 207,026 shares of the technology company's stock valued at $402,358,000 after buying an additional 65,297 shares in the last quarter. Jennison Associates LLC raised its holdings in Fair Isaac by 35.1% during the 3rd quarter. Jennison Associates LLC now owns 241,149 shares of the technology company's stock valued at $468,677,000 after acquiring an additional 62,653 shares during the period. Finally, Mizuho Securities USA LLC lifted its position in shares of Fair Isaac by 1,845.2% during the third quarter. Mizuho Securities USA LLC now owns 37,133 shares of the technology company's stock worth $72,169,000 after acquiring an additional 35,224 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FICO. Barclays boosted their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price target on 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. Oppenheimer cut their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. started coverage on shares of Fair Isaac in a report on Friday, December 20th. They set a "neutral" rating and a $2,150.00 target price on the stock. Finally, Robert W. Baird cut their price target on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $2,078.15.

Insider Transactions at Fair Isaac

In other news, Director Marc F. Mcmorris sold 520 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 242 shares of the company's stock, valued at approximately $520,921.94. This represents a 68.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 45,395 shares of the company's stock, valued at approximately $107,760,920.75. This represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,670 shares of company stock worth $35,253,683. Company insiders own 3.46% of the company's stock.

Fair Isaac Stock Performance

NYSE:FICO traded down $41.69 during mid-day trading on Wednesday, reaching $1,752.55. The stock had a trading volume of 189,655 shares, compared to its average volume of 227,734. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.51. The firm has a 50 day moving average price of $1,946.76 and a two-hundred day moving average price of $1,974.84. The stock has a market capitalization of $42.80 billion, a P/E ratio of 80.43, a P/E/G ratio of 3.41 and a beta of 1.39.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data 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 net margin of 30.66% and a negative return on equity of 53.40%. Research analysts forecast that Fair Isaac Co. will post 24.15 earnings per share 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.