Cetera Investment Advisers Trims Stake in Fair Isaac Co. (NYSE:FICO)

Cetera Investment Advisers reduced its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,079 shares of the technology company's stock after selling 642 shares during the period. Cetera Investment Advisers' holdings in Fair Isaac were worth $12,102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Fair Isaac by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock valued at $5,781,051,000 after buying an additional 22,178 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Fair Isaac by 0.8% in the 4th quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock valued at $1,351,073,000 after acquiring an additional 5,371 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Fair Isaac by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock valued at $1,318,630,000 after acquiring an additional 17,656 shares during the period. Jennison Associates LLC boosted its stake in Fair Isaac by 5.4% during the fourth quarter. Jennison Associates LLC now owns 254,282 shares of the technology company's stock worth $506,257,000 after acquiring an additional 13,133 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Fair Isaac by 20.1% in the fourth quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock worth $506,096,000 after purchasing an additional 42,588 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Bank of America initiated coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price for the company. Raymond James boosted their price objective 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. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Wells Fargo & Company decreased 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 note on Wednesday, February 5th. Finally, Oppenheimer raised their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $2,274.31.

Insider Buying and Selling at Fair Isaac

In related news, Director Marc F. Mcmorris sold 797 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the sale, the director now directly owns 242 shares in the company, valued at approximately $505,175. The trade was a 76.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 4,092 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $72,801,401.22. This represents a 8.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,922 shares of company stock worth $22,325,938 over the last ninety days. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Price Performance

Shares of NYSE FICO traded up $2.51 during mid-day trading on Tuesday, reaching $2,132.51. 150,907 shares of the company's stock were exchanged, compared to its average volume of 176,862. The firm has a 50-day moving average price of $1,890.77 and a two-hundred day moving average price of $1,982.12. The firm has a market capitalization of $51.91 billion, a price-to-earnings ratio of 97.87, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 52 week low of $1,266.72 and a 52 week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping the consensus estimate 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 for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.14 earnings per share. As a group, sell-side analysts forecast 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.