Fair Isaac Co. (NYSE:FICO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Fair Isaac Co. (NYSE:FICO) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,006 shares of the technology company’s stock after selling 1,413 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of Fair Isaac worth $99,558,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Capital Performance Advisors LLP purchased a new position in shares of Fair Isaac during the third quarter valued at approximately $25,000. True Wealth Design LLC lifted its stake in shares of Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after buying an additional 18 shares during the period. Berbice Capital Management LLC purchased a new position in shares of Fair Isaac during the fourth quarter valued at approximately $40,000. Meeder Asset Management Inc. lifted its stake in shares of Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after buying an additional 20 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FICO has been the subject of several recent analyst reports. UBS Group lowered their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Oppenheimer dropped their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Robert W. Baird decreased their price target on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company dropped their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group boosted their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,078.15.

Fair Isaac Trading Down 0.4 %

Shares of Fair Isaac stock opened at $1,795.33 on Friday. The company has a fifty day moving average price of $1,962.97 and a 200 day moving average price of $1,969.35. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51. The stock has a market cap of $43.84 billion, a price-to-earnings ratio of 82.39, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share 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%. Analysts forecast that Fair Isaac Co. will post 23.91 earnings per share for the current year.

Insider Buying and Selling at Fair Isaac

In other news, Director Marc F. Mcmorris sold 520 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the sale, the director now owns 242 shares in the company, valued at approximately $520,921.94. This represents a 68.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction dated 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 sale, 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 sold a total of 16,670 shares of company stock valued at $35,253,683 in the last ninety days. Insiders own 3.46% of the company’s stock.

Fair Isaac 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.