Bank of America Corp DE Decreases Stock Position in Fair Isaac Co. (NYSE:FICO)

Bank of America Corp DE decreased its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 189,765 shares of the technology company's stock after selling 16,309 shares during the quarter. Bank of America Corp DE owned approximately 0.78% of Fair Isaac worth $377,809,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nebula Research & Development LLC acquired a new position in shares of Fair Isaac in the fourth quarter worth about $2,540,000. Donoghue Forlines LLC acquired a new position in shares of Fair Isaac in the fourth quarter worth about $1,935,000. Czech National Bank raised its position in shares of Fair Isaac by 5.7% in the fourth 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 during the period. Barclays PLC raised its position in shares of Fair Isaac by 24.8% in the third quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after acquiring an additional 12,038 shares during the period. Finally, Brighton Jones LLC raised its position in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after acquiring an additional 302 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

Analysts Set New Price Targets

FICO has been the subject of several research analyst reports. Wells Fargo & Company reduced 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 research report on Wednesday, February 5th. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Barclays reduced their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Raymond James increased their target price on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Robert W. Baird increased their target price on Fair Isaac from $1,775.00 to $1,837.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and an average price target of $2,274.31.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 4,092 shares of Fair Isaac stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the completion of the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the transaction, the executive vice president now directly owns 9,974 shares of the company's stock, valued at $20,517,016.70. This represents a 29.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,135 shares of company stock worth $31,505,623. Insiders own 3.46% of the company's stock.

Fair Isaac Trading Up 1.7%

FICO stock traded up $36.37 during midday trading on Monday, hitting $2,124.59. 42,694 shares of the company's stock were exchanged, compared to its average volume of 176,691. The business has a 50-day simple moving average of $1,879.31 and a two-hundred day simple moving average of $1,980.15. The stock has a market capitalization of $51.72 billion, a PE ratio of 97.50, a P/E/G ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 1-year low of $1,266.72 and a 1-year high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.33 by $0.48. The company had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $6.14 earnings per share. As a group, research analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

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.