PNC Financial Services Group Inc. Lowers Holdings in Fair Isaac Co. (NYSE:FICO)

PNC Financial Services Group Inc. lowered its stake in shares of Fair Isaac Co. (NYSE:FICO) by 2.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,832 shares of the technology company’s stock after selling 69 shares during the period. PNC Financial Services Group Inc.’s holdings in Fair Isaac were worth $5,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FICO. Principal Financial Group Inc. lifted 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 acquiring an additional 1,977 shares during the period. CWA Asset Management Group LLC bought a new position in Fair Isaac during the 3rd quarter valued at about $245,000. Covestor Ltd lifted its stake in Fair Isaac by 30.0% during the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after acquiring an additional 6 shares during the period. Axxcess Wealth Management LLC lifted its stake in Fair Isaac by 26.7% during the 3rd quarter. Axxcess Wealth Management LLC now owns 494 shares of the technology company’s stock valued at $960,000 after acquiring an additional 104 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in Fair Isaac by 61.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 211 shares of the technology company’s stock valued at $410,000 after acquiring an additional 80 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 3.1 %

Fair Isaac stock opened at $1,776.70 on Thursday. The firm has a 50 day moving average of $1,853.61 and a 200 day moving average of $1,981.09. The firm has a market capitalization of $43.38 billion, a price-to-earnings ratio of 81.54, a P/E/G ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO) last released its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on FICO shares. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Wells Fargo & Company reduced their price target on shares of 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. Needham & Company LLC reaffirmed a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac 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 price target for the company. Finally, Oppenheimer reduced 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. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction that occurred on 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the transaction, the chief financial officer now owns 2,478 shares of the company’s stock, valued at $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,669 shares of company stock worth $12,235,813 in the last three months. 3.46% of the stock is owned by company insiders.

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.