Fair Isaac Co. (NYSE:FICO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in Fair Isaac Co. (NYSE:FICO) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,083 shares of the technology company’s stock after selling 2,058 shares during the period. Victory Capital Management Inc. owned approximately 0.15% of Fair Isaac worth $73,830,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FICO. QRG Capital Management Inc. raised its position in Fair Isaac by 13.9% during the third quarter. QRG Capital Management Inc. now owns 327 shares of the technology company’s stock worth $636,000 after acquiring an additional 40 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in Fair Isaac by 6.6% during the third quarter. Concurrent Investment Advisors LLC now owns 337 shares of the technology company’s stock worth $655,000 after acquiring an additional 21 shares during the last quarter. Graypoint LLC acquired a new position in Fair Isaac during the third quarter worth about $292,000. Principal Financial Group Inc. raised its position in Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after acquiring an additional 1,977 shares during the last quarter. Finally, Portside Wealth Group LLC grew its holdings in shares of Fair Isaac by 11.2% during the third quarter. Portside Wealth Group LLC now owns 239 shares of the technology company’s stock worth $465,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FICO shares. Barclays lifted their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Wells Fargo & Company lowered 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 report on Wednesday, February 5th. JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target for the company. Finally, Robert W. Baird lowered their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $2,088.15.

Fair Isaac Stock Down 3.0 %

Fair Isaac stock opened at $1,817.40 on Friday. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The firm has a fifty day moving average of $1,878.49 and a 200-day moving average of $1,980.30. The firm has a market capitalization of $44.38 billion, a P/E ratio of 83.41, a PEG ratio of 3.27 and a beta of 1.39.

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 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, research analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Transactions at Fair Isaac

In other news, EVP James M. Wehmann sold 3,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the completion of the transaction, the executive vice president now directly owns 51,911 shares in the company, valued at approximately $113,954,508.09. This represents a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,670 shares of company stock valued at $18,823,773 over the last 90 days. Corporate insiders own 3.46% of the company’s stock.

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.