Fair Isaac Co. (NYSE:FICO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,882 shares of the technology company's stock after selling 755 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Fair Isaac worth $45,556,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. First National Bank of Omaha purchased a new stake in shares of Fair Isaac in the third quarter valued at approximately $1,576,000. National Bank of Canada FI increased its holdings in Fair Isaac by 51.9% in the 3rd quarter. National Bank of Canada FI now owns 19,817 shares of the technology company's stock worth $38,514,000 after acquiring an additional 6,768 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in Fair Isaac in the 4th quarter worth $1,935,000. BNP Paribas purchased a new stake in Fair Isaac in the 3rd quarter worth $445,000. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of Fair Isaac by 86.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company's stock worth $1,477,000 after purchasing an additional 352 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Oppenheimer cut their target price 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. Needham & Company LLC reaffirmed a "buy" rating and set a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday, February 5th. The Goldman Sachs Group boosted their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a report on Friday, December 20th. They set a "neutral" rating and a $2,150.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of "Moderate Buy" and an average target price of $2,078.15.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the business's 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 transaction of $10,843,422.30. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the company's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the sale, the executive vice president now directly owns 45,395 shares of the company's stock, valued at approximately $107,760,920.75. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,670 shares of company stock valued at $35,253,683 in the last ninety days. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Stock Performance

Shares of FICO traded down $41.69 during midday trading on Wednesday, hitting $1,752.55. The company had a trading volume of 200,351 shares, compared to its average volume of 228,317. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The company's 50-day simple moving average is $1,937.97 and its 200-day simple moving average is $1,973.29. The firm has a market capitalization of $42.80 billion, a P/E ratio of 80.43, a P/E/G ratio of 3.41 and a beta of 1.39.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. Equities analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

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.