M&T Bank Corp Decreases Stake in Fair Isaac Co. (NYSE:FICO)

M&T Bank Corp lessened its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 18.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,028 shares of the technology company's stock after selling 1,540 shares during the quarter. M&T Bank Corp's holdings in Fair Isaac were worth $13,659,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. State Street Corp increased its position in Fair Isaac by 0.5% during the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company's stock valued at $2,031,299,000 after purchasing an additional 5,472 shares during the period. International Assets Investment Management LLC increased its position in Fair Isaac by 189,461.6% during the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company's stock valued at $1,046,304,000 after purchasing an additional 538,071 shares during the period. Principal Financial Group Inc. increased its position in Fair Isaac by 0.5% during the 3rd 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 during the period. American Century Companies Inc. increased its position in Fair Isaac by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company's stock valued at $514,523,000 after purchasing an additional 21,768 shares during the period. Finally, Jennison Associates LLC increased its position 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 purchasing an additional 62,653 shares during the period. Institutional investors own 85.75% of the company's stock.

Wall Street Analyst Weigh In

FICO has been the subject of a number of recent analyst reports. 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 reaffirmed 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. The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Barclays raised their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Oppenheimer raised their price objective on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an "outperform" rating in a research report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,022.67.

Insider Buying and Selling at Fair Isaac

In other news, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac 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 sale, the director now directly owns 92 shares in the company, valued at $215,146.60. The trade was a 73.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the sale, the executive vice president now owns 48,895 shares in the company, valued at $113,456,446.95. The trade was a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,930 shares of company stock worth $23,281,002. Corporate insiders own 3.54% of the company's stock.

Fair Isaac Trading Up 0.9 %

NYSE FICO traded up $19.68 during mid-day trading on Wednesday, hitting $2,192.37. The company's stock had a trading volume of 156,916 shares, compared to its average volume of 169,221. The company's 50 day simple moving average is $2,160.74 and its 200 day simple moving average is $1,812.26. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51. The firm has a market capitalization of $53.38 billion, a price-to-earnings ratio of 107.21, a PEG ratio of 4.37 and a beta of 1.36.

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.