Sumitomo Mitsui Trust Group Inc. Trims Position in Fair Isaac Co. (NYSE:FICO)

Sumitomo Mitsui Trust Group Inc. cut its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,759 shares of the technology company's stock after selling 350 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Fair Isaac worth $111,012,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FICO. Capital Performance Advisors LLP purchased a new stake in Fair Isaac in the third quarter valued at $25,000. True Wealth Design LLC lifted its position in Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock valued at $39,000 after acquiring an additional 18 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in Fair Isaac in the fourth quarter valued at $40,000. Meeder Asset Management Inc. lifted its position in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock valued at $43,000 after acquiring an additional 6 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock valued at $48,000 after acquiring an additional 20 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Marc F. Mcmorris sold 520 shares of the company's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the transaction, the director now owns 242 shares in the company, valued at $520,921.94. The trade was a 68.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,660 shares of company stock worth $24,410,261. 3.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of research reports. Robert W. Baird reduced their price target on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company dropped 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 note on Wednesday, February 5th. Barclays lifted their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $2,078.15.

Fair Isaac Trading Down 1.9 %

Shares of Fair Isaac stock traded down $34.01 on Wednesday, reaching $1,763.16. 212,283 shares of the stock were exchanged, compared to its average volume of 240,437. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The business has a fifty day moving average price of $1,998.01 and a two-hundred day moving average price of $1,967.82. The firm has a market capitalization of $43.06 billion, a PE ratio of 80.92, a PEG ratio of 3.61 and a beta of 1.39.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results 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%. Research analysts expect that Fair Isaac Co. will post 23.91 EPS for the current 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.