Neuberger Berman Group LLC Cuts Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Neuberger Berman Group LLC lessened its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 186,305 shares of the technology company's stock after selling 54,218 shares during the period. Neuberger Berman Group LLC owned approximately 0.76% of Fair Isaac worth $370,915,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new stake in Fair Isaac during the 4th quarter valued at approximately $442,369,000. Wealthfront Advisers LLC grew its holdings in Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock worth $292,728,000 after acquiring an additional 144,266 shares during the period. Proficio Capital Partners LLC acquired a new position in Fair Isaac in the fourth quarter valued at approximately $261,610,000. Arrowstreet Capital Limited Partnership boosted its position in Fair Isaac by 376.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock worth $321,790,000 after purchasing an additional 127,679 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Fair Isaac during the 4th quarter worth approximately $199,441,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Trading Down 0.4 %

NYSE:FICO traded down $7.35 during trading hours on Tuesday, hitting $1,925.39. The company had a trading volume of 56,480 shares, compared to its average volume of 180,656. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.52. The company has a 50-day moving average of $1,816.47 and a 200 day moving average of $1,982.21. The company has a market cap of $47.01 billion, a P/E ratio of 88.36, a P/E/G ratio of 3.27 and a beta of 1.37.

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Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, 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 analysts recently issued reports on FICO shares. UBS Group lowered 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 report on Monday, January 27th. Jefferies Financial Group lowered their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Oppenheimer cut their price objective 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. Wells Fargo & Company decreased their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Finally, Robert W. Baird cut 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. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,131.86.

Insider Activity

In related news, CEO William J. Lansing sold 6,010 shares of Fair Isaac 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 value of $10,843,422.30. Following the completion of the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 13,058 shares of company stock valued at $23,119,030 in the last quarter. Insiders own 3.46% of the company's stock.

Fair Isaac 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.