MML Investors Services LLC Sells 450 Shares of Fair Isaac Co. (NYSE:FICO)

MML Investors Services LLC lessened its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 20.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,743 shares of the technology company's stock after selling 450 shares during the quarter. MML Investors Services LLC's holdings in Fair Isaac were worth $3,388,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FICO. Capital Performance Advisors LLP bought a new stake in Fair Isaac during the 3rd quarter worth approximately $25,000. Tortoise Investment Management LLC lifted its holdings in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company's stock worth $30,000 after purchasing an additional 9 shares during the period. Family Firm Inc. acquired a new stake in Fair Isaac in the second quarter valued at $34,000. True Wealth Design LLC increased its holdings in Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock valued at $39,000 after purchasing an additional 18 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock worth $43,000 after buying an additional 6 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Thomas A. Bowers sold 2,680 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares in the company, valued at $13,489,133.49. This represents a 31.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the transaction, the executive vice president now owns 45,395 shares of the company's stock, valued at $107,760,920.75. This trade represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,930 shares of company stock valued at $23,281,002. 3.54% of the stock is owned by company insiders.

Fair Isaac Stock Performance

Shares of NYSE FICO traded down $22.03 during trading 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 fifty day moving average is $2,170.83 and its 200 day moving average is $1,826.63. The firm has a market capitalization of $52.81 billion, a price-to-earnings ratio of 106.06, a P/E/G ratio of 4.05 and a beta of 1.36. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FICO shares. Oppenheimer upped their price target on Fair Isaac from $2,324.00 to $2,515.00 and gave the company an "outperform" rating in a research report on Monday, December 2nd. Needham & Company LLC increased their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Royal Bank of Canada restated a "sector perform" rating and issued a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, UBS Group began coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 target price for the company. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $2,022.67.

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.