Wells Fargo & Company MN Cuts Stake in Fair Isaac Co. (NYSE:FICO)

Wells Fargo & Company MN trimmed its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 33.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,454 shares of the technology company's stock after selling 34,532 shares during the period. Wells Fargo & Company MN owned approximately 0.28% of Fair Isaac worth $134,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FICO. Vanguard Group Inc. boosted its stake in Fair Isaac by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock worth $5,781,051,000 after buying an additional 22,178 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Fair Isaac by 0.8% in the 4th quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock worth $1,351,073,000 after acquiring an additional 5,371 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Fair Isaac by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock worth $1,318,630,000 after purchasing an additional 17,656 shares during the period. 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 purchasing an additional 1,977 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Fair Isaac by 5.4% in the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company's stock worth $506,257,000 after purchasing an additional 13,133 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Activity

In other news, CEO William J. Lansing sold 4,092 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $72,801,401.22. This represents a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 13,058 shares of company stock valued at $23,119,030. Company insiders own 3.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FICO shares. Wells Fargo & Company dropped their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Barclays cut their price objective on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a research note on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price target on the stock. UBS Group decreased their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Finally, Robert W. Baird decreased their target price on 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. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $2,131.86.

Fair Isaac Price Performance

NYSE FICO traded down $3.01 on Friday, hitting $1,847.05. The stock had a trading volume of 73,495 shares, compared to its average volume of 179,876. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The business's fifty day moving average price is $1,813.00 and its 200 day moving average price is $1,981.82. The stock has a market cap of $45.10 billion, a price-to-earnings ratio of 84.72, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data 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 net margin of 30.66% and a negative return on equity of 53.40%. As a group, sell-side analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current 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.