New Century Financial Group LLC Cuts Position in Fair Isaac Co. (NYSE:FICO)

New Century Financial Group LLC cut its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 49.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 174 shares of the technology company's stock after selling 168 shares during the quarter. New Century Financial Group LLC's holdings in Fair Isaac were worth $342,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings 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 buying an additional 5,472 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Fair Isaac by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock valued at $1,308,460,000 after acquiring an additional 7,466 shares in the last quarter. Geode Capital Management LLC increased its holdings in Fair Isaac by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company's stock valued at $1,251,537,000 after acquiring an additional 6,510 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Fair Isaac by 189,461.6% in the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company's stock worth $1,046,304,000 after purchasing an additional 538,071 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Fair Isaac by 0.5% during the third 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 in the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Performance

NYSE FICO traded down $40.72 during mid-day trading on Friday, reaching $1,813.88. 400,740 shares of the stock were exchanged, compared to its average volume of 157,505. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The business's 50 day moving average is $2,115.89 and its 200-day moving average is $1,943.55. The company has a market capitalization of $44.16 billion, a P/E ratio of 88.70, a P/E/G ratio of 3.46 and a beta of 1.40.

Insider Transactions at Fair Isaac

In other news, CFO Steven P. Weber sold 139 shares of the stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares of the company's stock, valued at $4,867,832.76. This represents a 5.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,589 shares of company stock valued at $31,258,963 in the last three months. 3.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FICO has been the topic of a number of research reports. Wells Fargo & Company lifted their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price target on 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. JPMorgan Chase & Co. started coverage on shares of Fair Isaac in a research note on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 target price on the stock. Oppenheimer decreased their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Finally, Robert W. Baird upped their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $2,087.77.

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.