Fair Isaac Co. (NYSE:FICO) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 11.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,358 shares of the technology company's stock after selling 2,399 shares during the period. Russell Investments Group Ltd. owned 0.08% of Fair Isaac worth $38,575,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FICO. Norges Bank purchased a new stake in Fair Isaac during the 4th quarter worth approximately $442,369,000. Wealthfront Advisers LLC grew its position in shares of Fair Isaac by 5,217.6% during the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock valued at $292,728,000 after acquiring an additional 144,266 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Fair Isaac in the fourth quarter valued at approximately $261,610,000. Arrowstreet Capital Limited Partnership increased its holdings 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 acquiring an additional 127,679 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Fair Isaac during the 4th quarter worth about $199,441,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FICO shares. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Robert W. Baird reduced their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Bank of America initiated coverage on Fair Isaac in a research note on Thursday. They set a "buy" rating and a $2,800.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research note on Friday. Finally, Wells Fargo & Company decreased their target price 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. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Fair Isaac presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,131.86.

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Insiders Place Their Bets

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 stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 13,058 shares of company stock valued at $23,119,030. 3.46% of the stock is owned by company insiders.

Fair Isaac Stock Up 2.4 %

FICO traded up $44.70 on Friday, reaching $1,894.76. The company had a trading volume of 230,904 shares, compared to its average volume of 181,029. The stock has a 50-day moving average price of $1,814.70 and a 200-day moving average price of $1,982.11. The stock has a market capitalization of $46.27 billion, a PE ratio of 86.96, a P/E/G ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data 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 expect that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

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.