Invesco Ltd. Sells 17,011 Shares of Fair Isaac Co. (NYSE:FICO)

Invesco Ltd. cut its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,225 shares of the technology company's stock after selling 17,011 shares during the period. Invesco Ltd. owned 0.92% of Fair Isaac worth $448,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. grew its position in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after purchasing an additional 8 shares in the last quarter. Berbice Capital Management LLC purchased a new position in Fair Isaac during the 4th quarter valued at approximately $40,000. Avalon Trust Co bought a new stake in Fair Isaac in the 4th quarter worth approximately $40,000. OFI Invest Asset Management purchased a new stake in shares of Fair Isaac during the 4th quarter worth approximately $42,000. Finally, Versant Capital Management Inc boosted its position in shares of Fair Isaac by 500.0% during the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock valued at $48,000 after acquiring an additional 20 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Up 1.6 %

FICO stock traded up $30.21 during trading on Monday, hitting $1,918.66. The company had a trading volume of 31,541 shares, compared to its average volume of 180,447. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The company has a 50 day simple moving average of $1,814.70 and a 200-day simple moving average of $1,982.11. The firm has a market capitalization of $46.85 billion, a P/E ratio of 88.05, a PEG ratio of 3.27 and a beta of 1.37.

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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%. Sell-side analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FICO shares. UBS Group decreased their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Robert W. Baird lowered 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. Oppenheimer dropped their price target on 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. began coverage on Fair Isaac in a research report on Friday, December 20th. They set a "neutral" rating and a $2,150.00 price objective on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $2,500.00 target price on shares of Fair Isaac in a report on Friday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Fair Isaac currently has an average rating of "Moderate Buy" and a consensus target price of $2,131.86.

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 13,058 shares of company stock worth $23,119,030. Company insiders own 3.46% of the company's stock.

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.