Fair Isaac Co. (NYSE:FICO) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in shares of Fair Isaac Co. (NYSE:FICO) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 69,300 shares of the technology company’s stock after selling 4,100 shares during the quarter. Swiss National Bank’s holdings in Fair Isaac were worth $137,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. increased its stake in 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 during the last quarter. True Wealth Design LLC grew 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 valued at $39,000 after buying an additional 18 shares during the last quarter. Berbice Capital Management LLC bought a new stake in shares of Fair Isaac during the 4th quarter valued at about $40,000. OFI Invest Asset Management acquired a new stake in Fair Isaac during the fourth quarter worth about $42,000. Finally, Meeder Asset Management Inc. lifted its holdings in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after acquiring an additional 6 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Price Performance

Fair Isaac stock opened at $1,741.96 on Friday. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52. The stock has a market capitalization of $42.54 billion, a PE ratio of 79.94, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. The firm has a 50 day simple moving average of $1,853.61 and a 200-day simple moving average of $1,981.09.

Fair Isaac (NYSE:FICO) last issued its quarterly 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 net margin of 30.66% and a negative return on equity of 53.40%. On average, analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FICO has been the subject of several recent research reports. Robert W. Baird lowered their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. started coverage on Fair Isaac in a research report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. 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 report on Tuesday, January 7th. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,088.15.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 4,092 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction 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. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marc F. Mcmorris sold 520 shares of the company’s stock in a transaction on 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 directly owns 242 shares of the company’s stock, valued at approximately $520,921.94. This represents a 68.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,761 shares of company stock worth $19,305,521. 3.46% of the stock is owned by corporate insiders.

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.