Sterling Capital Management LLC Trims Position in Fair Isaac Co. (NYSE:FICO)

Sterling Capital Management LLC decreased its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,414 shares of the technology company's stock after selling 770 shares during the quarter. Sterling Capital Management LLC's holdings in Fair Isaac were worth $6,797,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in Fair Isaac by 0.5% during 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 in the last quarter. HighTower Advisors LLC grew its holdings in shares of Fair Isaac by 2.6% in the third quarter. HighTower Advisors LLC now owns 1,516 shares of the technology company's stock valued at $2,968,000 after purchasing an additional 38 shares in the last quarter. Barclays PLC increased its position in Fair Isaac by 24.8% in the third quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after purchasing an additional 12,038 shares during the last quarter. Toronto Dominion Bank raised its stake in Fair Isaac by 9.0% during the third quarter. Toronto Dominion Bank now owns 9,113 shares of the technology company's stock valued at $17,711,000 after purchasing an additional 753 shares in the last quarter. Finally, Morse Asset Management Inc lifted its position in Fair Isaac by 7.3% during the third quarter. Morse Asset Management Inc now owns 427 shares of the technology company's stock valued at $830,000 after purchasing an additional 29 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. began coverage on Fair Isaac in a report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 target price for the company. Wells Fargo & Company reduced their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Bank of America began coverage on Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price for the company. Barclays reduced their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Finally, Robert W. Baird dropped their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $2,131.86.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $74,210,495.94. This trade represents a 6.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over 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 insiders.

Fair Isaac Price Performance

Shares of NYSE:FICO traded down $11.22 during trading hours on Tuesday, hitting $1,921.52. The company's stock had a trading volume of 221,366 shares, compared to its average volume of 181,294. The firm's fifty day moving average price is $1,817.27 and its 200 day moving average price is $1,981.79. 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 $46.92 billion, a price-to-earnings ratio of 88.18, a P/E/G 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 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, equities research 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.