PGGM Investments Lowers Position in Fair Isaac Co. (NYSE:FICO)

PGGM Investments decreased its stake in shares of Fair Isaac Co. (NYSE:FICO) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,385 shares of the technology company’s stock after selling 2,492 shares during the period. PGGM Investments owned about 0.05% of Fair Isaac worth $26,649,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Rakuten Securities Inc. lifted its position in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after purchasing an additional 8 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after buying an additional 18 shares in the last quarter. Berbice Capital Management LLC purchased a new position in shares of Fair Isaac in the 4th quarter worth approximately $40,000. Meeder Asset Management Inc. grew its holdings in shares of 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 in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $42,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,776.70 on Thursday. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.52. The company’s fifty day simple moving average is $1,853.61 and its two-hundred day simple moving average is $1,981.09. The stock has a market capitalization of $43.38 billion, a price-to-earnings ratio of 81.54, a PEG ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data 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 net margin of 30.66% and a negative return on equity of 53.40%. Equities research analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $76,026,643.74. This represents a 12.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marc F. Mcmorris sold 520 shares of Fair Isaac 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 of the company’s stock, valued at approximately $520,921.94. This trade represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,669 shares of company stock valued at $12,235,813. 3.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FICO has been the topic of several research analyst reports. Wells Fargo & Company cut their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Robert W. Baird lowered their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price for the company. Finally, 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,088.15.

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.