California State Teachers Retirement System Lowers Stock Holdings in Fair Isaac Co. (NYSE:FICO)

California State Teachers Retirement System cut its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,628 shares of the technology company's stock after selling 1,061 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of Fair Isaac worth $72,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nebula Research & Development LLC bought a new stake in shares of Fair Isaac during the fourth quarter valued at about $2,540,000. Donoghue Forlines LLC bought a new stake in Fair Isaac during the 4th quarter worth approximately $1,935,000. Czech National Bank lifted its stake in Fair Isaac by 5.7% in the 4th quarter. Czech National Bank now owns 5,280 shares of the technology company's stock worth $10,512,000 after purchasing an additional 286 shares in the last quarter. Barclays PLC boosted its holdings in 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 purchasing an additional 12,038 shares during the period. Finally, Brighton Jones LLC increased its holdings 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 purchasing an additional 302 shares during the period. Institutional investors own 85.75% of the company's stock.

Analysts Set New Price Targets

FICO has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Oppenheimer decreased their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. UBS Group dropped their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Finally, Barclays lowered their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and an average target price of $2,277.46.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 13,058 shares of company stock worth $23,119,030. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Trading Up 2.4 %

FICO stock traded up $48.41 during midday trading on Friday, hitting $2,050.09. The company had a trading volume of 204,427 shares, compared to its average volume of 178,725. The stock has a market cap of $50.06 billion, a price-to-earnings ratio of 94.08, a PEG ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a 52 week low of $1,176.43 and a 52 week high of $2,402.52. The stock's 50 day moving average price is $1,856.90 and its 200 day moving average price is $1,977.91.

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

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.