Franklin Resources Inc. Decreases Holdings in Fair Isaac Co. (NYSE:FICO)

Franklin Resources Inc. cut its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 18.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 357,976 shares of the technology company's stock after selling 79,190 shares during the quarter. Franklin Resources Inc. owned about 1.47% of Fair Isaac worth $740,620,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Tidal Investments LLC lifted its position in Fair Isaac by 50.8% in the 3rd quarter. Tidal Investments LLC now owns 1,784 shares of the technology company's stock valued at $3,467,000 after acquiring an additional 601 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Fair Isaac in the third quarter worth $1,516,000. World Investment Advisors LLC bought a new position in shares of Fair Isaac during the third quarter valued at $290,000. Sanctuary Advisors LLC boosted its position in shares of Fair Isaac by 235.8% during the third quarter. Sanctuary Advisors LLC now owns 7,243 shares of the technology company's stock valued at $14,077,000 after buying an additional 5,086 shares during the last quarter. Finally, Anchor Investment Management LLC increased its holdings in Fair Isaac by 204.0% in the 3rd quarter. Anchor Investment Management LLC now owns 76 shares of the technology company's stock worth $148,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Down 1.0 %

NYSE FICO traded down $22.03 on Friday, hitting $2,168.89. 120,376 shares of the company traded hands, compared to its average volume of 168,969. The business's 50 day moving average price is $2,170.83 and its 200-day moving average price is $1,820.30. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The company has a market capitalization of $52.81 billion, a price-to-earnings ratio of 105.76, a P/E/G ratio of 4.05 and a beta of 1.36.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Oppenheimer upped their target price on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the company an "outperform" rating in a research note on Monday, December 2nd. Royal Bank of Canada restated a "sector perform" rating and set a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. UBS Group began coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 target price for the company. Robert W. Baird increased their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $2,022.67.

Insiders Place Their Bets

In related news, EVP James M. Wehmann sold 3,500 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total transaction 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 approximately $107,760,920.75. This trade represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,930 shares of company stock worth $23,281,002. Company insiders own 3.54% of the company's stock.

About Fair Isaac

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.