FMR LLC lowered its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 40.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,123 shares of the technology company's stock after selling 83,903 shares during the period. FMR LLC owned about 0.50% of Fair Isaac worth $245,129,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Fair Isaac by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock valued at $5,781,051,000 after purchasing an additional 22,178 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fair Isaac by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock valued at $1,351,073,000 after purchasing an additional 5,371 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Fair Isaac by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock worth $1,318,630,000 after buying an additional 17,656 shares during the period. Principal Financial Group Inc. increased its stake in shares of Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after purchasing an additional 1,977 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Fair Isaac by 5.4% in the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company's stock worth $506,257,000 after purchasing an additional 13,133 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.
Insider Buying and Selling
In related news, CEO William J. Lansing sold 2,956 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $74,210,495.94. The trade was a 6.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 13,058 shares of company stock worth $23,119,030. Corporate insiders own 3.46% of the company's stock.
Fair Isaac Trading Down 1.1 %
Fair Isaac stock traded down $21.02 during mid-day trading on Wednesday, hitting $1,902.91. The stock had a trading volume of 114,182 shares, compared to its average volume of 181,277. The firm's 50 day moving average is $1,817.27 and its 200 day moving average is $1,981.79. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.52. The firm has a market capitalization of $46.47 billion, a P/E ratio of 87.33, a P/E/G ratio of 3.27 and a beta of 1.37.
Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly 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%. As a group, equities research analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. JPMorgan Chase & Co. started coverage on Fair Isaac in a report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 target price on the stock. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Bank of America initiated coverage on Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price for the company. Jefferies Financial Group decreased their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and an average target price of $2,131.86.
Get Our Latest Stock Analysis on Fair Isaac
About Fair Isaac
(
Free Report)
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.
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