Fair Isaac Co. (NYSE:FICO) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its stake in Fair Isaac Co. (NYSE:FICO) by 7.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,267 shares of the technology company’s stock after selling 106 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Fair Isaac were worth $2,523,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in FICO. Rakuten Securities Inc. grew its stake in Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after acquiring an additional 8 shares during the period. True Wealth Design LLC grew its stake in Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after acquiring an additional 18 shares during the period. Berbice Capital Management LLC acquired a new stake in Fair Isaac in the 4th quarter valued at $40,000. Avalon Trust Co acquired a new stake in Fair Isaac in the 4th quarter valued at $40,000. Finally, OFI Invest Asset Management acquired a new stake in Fair Isaac in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the topic of a number of research analyst reports. Oppenheimer dropped their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. UBS Group lowered their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Jefferies Financial Group lowered their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group lifted their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

Fair Isaac Stock Down 1.0 %

NYSE FICO opened at $1,854.52 on Friday. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. The business’s fifty day simple moving average is $1,836.39 and its 200-day simple moving average is $1,983.62. The firm has a market cap of $45.28 billion, a PE ratio of 85.11, a P/E/G ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data 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%. Research analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,241 shares of company stock worth $18,186,184. Company insiders own 3.46% of the company’s stock.

About Fair Isaac

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.