Wells Fargo & Company MN Cuts Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Wells Fargo & Company MN cut its stake in Fair Isaac Co. (NYSE:FICO) by 33.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,454 shares of the technology company’s stock after selling 34,532 shares during the period. Wells Fargo & Company MN owned about 0.28% of Fair Isaac worth $134,294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First National Bank of Omaha acquired a new position in shares of Fair Isaac during the third quarter worth about $1,576,000. National Bank of Canada FI increased its holdings in Fair Isaac by 51.9% in the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock valued at $38,514,000 after buying an additional 6,768 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in Fair Isaac during the 4th quarter worth about $1,935,000. Czech National Bank boosted its position in shares of Fair Isaac by 5.7% during the 4th quarter. Czech National Bank now owns 5,280 shares of the technology company’s stock worth $10,512,000 after acquiring an additional 286 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company’s stock valued at $117,624,000 after acquiring an additional 12,038 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the firm’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 transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 4,092 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,241 shares of company stock worth $18,186,184. 3.46% of the stock is owned by company insiders.

Fair Isaac Trading Down 6.6 %

Shares of FICO stock opened at $1,681.51 on Monday. The stock has a 50 day simple moving average of $1,823.53 and a 200-day simple moving average of $1,989.53. The company has a market cap of $41.06 billion, a price-to-earnings ratio of 77.17, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. 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 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%. On average, equities analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FICO. Oppenheimer lowered their price target on 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. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a research report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price target for the company. Wells Fargo & Company reduced their target price on 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. 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. Finally, Robert W. Baird decreased their price objective 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. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $2,080.46.

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.