Price T Rowe Associates Inc. MD Cuts Stake in Fair Isaac Co. (NYSE:FICO)

Price T Rowe Associates Inc. MD reduced its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 819,897 shares of the technology company's stock after selling 114,992 shares during the period. Price T Rowe Associates Inc. MD owned approximately 3.36% of Fair Isaac worth $1,632,359,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FICO. Mechanics Bank Trust Department raised its position in shares of Fair Isaac by 5.7% in the fourth quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company's stock worth $223,000 after buying an additional 6 shares in the last quarter. Alpha Cubed Investments LLC grew its holdings in shares of Fair Isaac by 1.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company's stock worth $942,000 after purchasing an additional 6 shares in the last quarter. Resonant Capital Advisors LLC increased its position in shares of Fair Isaac by 2.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company's stock worth $609,000 after purchasing an additional 6 shares during the last quarter. Mather Group LLC. increased its position in shares of Fair Isaac by 5.2% in the fourth quarter. Mather Group LLC. now owns 122 shares of the technology company's stock worth $243,000 after purchasing an additional 6 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in Fair Isaac by 1.0% in the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock valued at $1,236,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC reissued a "buy" rating and issued a $2,500.00 price target on shares of Fair Isaac in a report on Friday, April 11th. UBS Group cut their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Barclays cut their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Finally, Bank of America began coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and ten have given 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 target price of $2,210.23.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 42,138 shares of the company's stock, 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 legal filing with the SEC, which is available at this link. In the last three months, insiders have sold 13,058 shares of company stock valued at $23,119,030. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Price Performance

NYSE:FICO traded up $16.04 during mid-day trading on Friday, reaching $1,952.85. 182,409 shares of the company's stock traded hands, compared to its average volume of 179,977. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52. The company has a 50 day moving average price of $1,832.51 and a 200-day moving average price of $1,979.44. The firm has a market capitalization of $47.68 billion, a price-to-earnings ratio of 89.62, a PEG ratio of 3.27 and a beta of 1.37.

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