First Citizens Bank & Trust Co. Lowers Stock Position in Fair Isaac Co. (NYSE:FICO)

First Citizens Bank & Trust Co. cut its stake in shares of Fair Isaac Co. (NYSE:FICO) by 5.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 225 shares of the technology company’s stock after selling 13 shares during the period. First Citizens Bank & Trust Co.’s holdings in Fair Isaac were worth $448,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new stake in Fair Isaac during the 3rd quarter worth $25,000. True Wealth Design LLC boosted its position in Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after purchasing an additional 18 shares during the period. Berbice Capital Management LLC purchased a new stake in Fair Isaac during the 4th quarter worth $40,000. Meeder Asset Management Inc. lifted its holdings in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after buying an additional 6 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Fair Isaac by 500.0% in the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after buying an additional 20 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 45,395 shares in the company, valued at $107,760,920.75. This trade represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,589 shares of company stock worth $31,258,963. Insiders own 3.54% of the company’s stock.

Fair Isaac Trading Up 1.4 %

NYSE FICO opened at $1,839.65 on Tuesday. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.51. The stock has a market cap of $44.80 billion, a price-to-earnings ratio of 89.96, a price-to-earnings-growth ratio of 3.46 and a beta of 1.40. The company has a 50-day moving average price of $2,107.30 and a two-hundred day moving average price of $1,948.35.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Jefferies Financial Group boosted their price objective on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Wells Fargo & Company upped their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. UBS Group cut 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. Finally, JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $2,087.77.

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.