Sei Investments Co. Reduces Stock Position in Fair Isaac Co. (NYSE:FICO)

Sei Investments Co. decreased its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 26.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,465 shares of the technology company's stock after selling 18,564 shares during the period. Sei Investments Co. owned approximately 0.21% of Fair Isaac worth $102,461,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in shares of Fair Isaac by 0.5% during the third quarter. State Street Corp now owns 1,045,165 shares of the technology company's stock valued at $2,031,299,000 after acquiring an additional 5,472 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fair Isaac by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock worth $1,308,460,000 after purchasing an additional 7,466 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Fair Isaac by 1.0% in the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company's stock worth $1,251,537,000 after purchasing an additional 6,510 shares during the last quarter. Principal Financial Group Inc. lifted its holdings 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. Finally, Jennison Associates LLC boosted its position in shares of Fair Isaac by 5.4% during the fourth quarter. Jennison Associates LLC now owns 254,282 shares of the technology company's stock valued at $506,257,000 after buying an additional 13,133 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

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Fair Isaac Trading Down 0.8 %

Fair Isaac stock traded down $14.66 during midday trading on Thursday, hitting $1,872.34. The stock had a trading volume of 88,845 shares, compared to its average volume of 171,697. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The company has a market capitalization of $45.72 billion, a PE ratio of 85.93, a P/E/G ratio of 3.27 and a beta of 1.41. The firm's fifty day moving average is $1,831.78 and its two-hundred day moving average is $1,989.83.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the firm's stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the transaction, the chief financial officer now directly owns 2,478 shares of the company's stock, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 10,241 shares of company stock valued at $18,186,184 over the last 90 days. Company insiders own 3.46% of the company's stock.

Wall Street Analyst Weigh In

FICO has been the topic of several research analyst reports. UBS Group lowered their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Robert W. Baird lowered 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 research report on Wednesday, February 5th. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and set a $2,500.00 price target on shares of Fair Isaac in a report on Wednesday, February 5th. Finally, Jefferies Financial Group cut their price objective on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Fair Isaac currently has an average rating of "Moderate Buy" and an average target price of $2,088.15.

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.