M&T Bank Corp Has $13.66 Million Stock Holdings in Fair Isaac Co. (NYSE:FICO)

M&T Bank Corp trimmed its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 18.0% during the third quarter, according to the company in its most recent Form 13F filing with the 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 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Fair Isaac during the 3rd quarter worth $25,000. Tortoise Investment Management LLC grew its stake in Fair Isaac by 81.8% in 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 in the last quarter. 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 buying an additional 18 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock valued at $43,000 after buying an additional 6 shares in the last quarter. Finally, Family Firm Inc. bought a new position in Fair Isaac during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Insiders Place Their Bets

In other news, EVP Thomas A. Bowers sold 2,680 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now owns 5,769 shares of the company's stock, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Marc F. Mcmorris sold 520 shares of Fair Isaac stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the transaction, the director now directly owns 242 shares in the company, valued at approximately $520,921.94. This trade represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,450 shares of company stock worth $30,985,908 over the last ninety days. Company insiders own 3.54% of the company's stock.

Fair Isaac Stock Up 2.3 %

Fair Isaac stock traded up $46.09 during trading hours on Friday, hitting $2,090.98. 296,067 shares of the company traded hands, compared to its average volume of 169,980. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The firm has a market cap of $50.91 billion, a P/E ratio of 102.25, a P/E/G ratio of 4.05 and a beta of 1.36. The firm's 50-day simple moving average is $2,181.27 and its two-hundred day simple moving average is $1,850.97.

Wall Street Analyst Weigh In

FICO has been the topic of several research reports. Needham & Company LLC upped their price target on 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. The Goldman Sachs Group increased their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. UBS Group started coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 target price on the stock. Finally, Barclays lifted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Fair Isaac has an average rating of "Moderate Buy" and a consensus target price of $2,032.46.

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.