Fair Isaac Co. (NYSE:FICO) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC trimmed its stake in shares of Fair Isaac Co. (NYSE:FICO) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,590 shares of the technology company’s stock after selling 3,166 shares during the period. Fair Isaac comprises about 2.8% of Argent Capital Management LLC’s holdings, making the stock its 9th biggest position. Argent Capital Management LLC owned about 0.20% of Fair Isaac worth $98,730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FICO. State Street Corp raised its position in shares of Fair Isaac by 0.5% during the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock worth $2,031,299,000 after purchasing an additional 5,472 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Fair Isaac by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock worth $1,308,460,000 after purchasing an additional 7,466 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Fair Isaac by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock worth $1,251,537,000 after purchasing an additional 6,510 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Fair Isaac by 189,461.6% during the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after purchasing an additional 538,071 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after purchasing an additional 1,977 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Price Performance

Shares of FICO stock opened at $2,025.12 on Thursday. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.51. The firm has a market capitalization of $49.31 billion, a P/E ratio of 99.03, a P/E/G ratio of 3.55 and a beta of 1.40. The company’s fifty day moving average price is $2,174.74 and its two-hundred day moving average price is $1,926.32.

Insiders Place Their Bets

In related news, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the completion of the sale, the executive vice president now owns 45,395 shares of the company’s stock, valued at $107,760,920.75. This represents a 7.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,589 shares of company stock worth $31,258,963 in the last quarter. 3.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FICO has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Needham & Company LLC lifted their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Oppenheimer lowered their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Robert W. Baird lifted their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group lifted their target price on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2,087.77.

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.