Wellington Management Group LLP Sells 26,398 Shares of Fair Isaac Co. (NYSE:FICO)

Wellington Management Group LLP reduced its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 22.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,564 shares of the technology company's stock after selling 26,398 shares during the period. Wellington Management Group LLP owned approximately 0.38% of Fair Isaac worth $181,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FICO. State Street Corp raised its holdings in shares of Fair Isaac by 0.5% in 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 purchasing an additional 5,472 shares in the last quarter. International Assets Investment Management LLC increased its stake in Fair Isaac by 189,461.6% during 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 purchasing an additional 538,071 shares in the last quarter. Principal Financial Group Inc. increased its stake 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 purchasing an additional 1,977 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Fair Isaac by 6.7% in the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company's stock worth $514,523,000 after acquiring an additional 21,768 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Fair Isaac by 35.1% in the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company's stock worth $468,677,000 after acquiring an additional 62,653 shares during the period. Institutional investors own 85.75% of the company's stock.

Analysts Set New Price Targets

FICO has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Oppenheimer raised their price objective on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an "outperform" rating in a research report on Monday, December 2nd. UBS Group began coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price target for the company. The Goldman Sachs Group raised 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. Finally, Robert W. Baird raised their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Four equities research 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $2,022.67.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded down $144.72 during midday trading on Monday, reaching $2,227.11. The company had a trading volume of 189,007 shares, compared to its average volume of 168,844. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The firm has a market cap of $54.23 billion, a price-to-earnings ratio of 115.98, a price-to-earnings-growth ratio of 4.37 and a beta of 1.36. The company has a fifty day simple moving average of $2,144.84 and a two-hundred day simple moving average of $1,797.90.

Insiders Place Their Bets

In other news, EVP James M. Wehmann sold 3,500 shares of the company's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the transaction, the executive vice president now owns 45,395 shares of the company's stock, valued at $107,760,920.75. This represents a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now directly owns 92 shares in the company, valued at $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,929 shares of company stock worth $23,278,612. 3.54% of the stock is currently owned by company insiders.

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.