Treasurer of the State of North Carolina Sells 1,102 Shares of Fair Isaac Co. (NYSE:FICO)

Treasurer of the State of North Carolina trimmed its holdings in Fair Isaac Co. (NYSE:FICO) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,401 shares of the technology company’s stock after selling 1,102 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Fair Isaac were worth $13,271,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Weiss Asset Management LP bought a new position in shares of Fair Isaac in the fourth quarter valued at about $1,422,000. Freemont Management S.A. raised its holdings in Fair Isaac by 100.0% during the 4th quarter. Freemont Management S.A. now owns 5,000 shares of the technology company’s stock worth $5,820,000 after purchasing an additional 2,500 shares during the last quarter. DSM Capital Partners LLC bought a new stake in Fair Isaac during the 4th quarter worth about $37,000. Hsbc Holdings PLC raised its holdings in Fair Isaac by 21.3% during the 4th quarter. Hsbc Holdings PLC now owns 42,026 shares of the technology company’s stock worth $48,890,000 after purchasing an additional 7,377 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in Fair Isaac by 84.1% during the 4th quarter. Intech Investment Management LLC now owns 25,295 shares of the technology company’s stock worth $29,444,000 after purchasing an additional 11,552 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Insider Transactions at Fair Isaac

In other news, EVP Mark R. Scadina sold 423 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the sale, the executive vice president now owns 32,229 shares in the company, valued at approximately $44,222,055.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Mark R. Scadina sold 423 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total value of $580,406.76. Following the sale, the executive vice president now owns 32,229 shares in the company, valued at approximately $44,222,055.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 8,000 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the completion of the sale, the chief executive officer now owns 12,638 shares in the company, valued at approximately $14,414,270.90. The disclosure for this sale can be found here. Insiders have sold a total of 18,423 shares of company stock worth $22,142,247 in the last 90 days. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Stock Down 4.0 %

NYSE:FICO opened at $1,302.55 on Friday. Fair Isaac Co. has a twelve month low of $745.45 and a twelve month high of $1,451.78. The business has a 50 day moving average price of $1,254.46 and a two-hundred day moving average price of $1,216.96. The company has a market cap of $32.19 billion, a P/E ratio of 68.38, a price-to-earnings-growth ratio of 3.65 and a beta of 1.24.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.89 by $0.20. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. The firm had revenue of $433.81 million during the quarter, compared to the consensus estimate of $425.94 million. As a group, analysts anticipate that Fair Isaac Co. will post 19.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FICO has been the subject of several recent research reports. Redburn Atlantic initiated coverage on Fair Isaac in a report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective for the company. Raymond James boosted their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,274.33.

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.