State of Alaska Department of Revenue Decreases Position in Fair Isaac Co. (NYSE:FICO)

State of Alaska Department of Revenue decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 80.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,776 shares of the technology company's stock after selling 11,375 shares during the period. State of Alaska Department of Revenue's holdings in Fair Isaac were worth $5,526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FICO. State Street Corp raised its stake 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 acquiring an additional 5,472 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Fair Isaac by 1.1% during the third 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fair Isaac by 1.0% during 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 period. International Assets Investment Management LLC grew its position 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 valued at $1,046,304,000 after buying an additional 538,071 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after buying an additional 1,977 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Activity at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the business's 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 directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the completion of the transaction, the executive vice president now owns 45,395 shares in the company, valued at approximately $107,760,920.75. This trade represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,660 shares of company stock valued at $24,410,261 over the last quarter. Insiders own 3.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FICO shares. Barclays raised their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Wells Fargo & Company lowered their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group increased their target price 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. Robert W. Baird decreased their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $2,500.00 price objective on shares of Fair Isaac in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $2,078.15.

Fair Isaac Stock Performance

NYSE:FICO traded down $57.01 during mid-day trading on Tuesday, hitting $1,800.34. 194,635 shares of the company's stock traded hands, compared to its average volume of 241,483. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The company has a market cap of $43.96 billion, a PE ratio of 82.62, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. The firm's 50 day simple moving average is $1,998.01 and its 200 day simple moving average is $1,967.82.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, research analysts expect that Fair Isaac Co. will post 23.91 earnings per share for the current fiscal year.

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.