MML Investors Services LLC Sells 325 Shares of Fair Isaac Co. (NYSE:FICO)

MML Investors Services LLC cut its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,418 shares of the technology company's stock after selling 325 shares during the quarter. MML Investors Services LLC's holdings in Fair Isaac were worth $2,822,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new stake in Fair Isaac during the fourth quarter valued at approximately $442,369,000. Wealthfront Advisers LLC lifted its position in shares of Fair Isaac by 5,217.6% during the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock valued at $292,728,000 after acquiring an additional 144,266 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Fair Isaac during the 4th quarter worth $261,610,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Fair Isaac by 376.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock worth $321,790,000 after acquiring an additional 127,679 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Fair Isaac during the fourth quarter worth $199,441,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Up 0.9 %

Shares of FICO traded up $18.12 during midday trading on Thursday, reaching $2,007.80. 115,332 shares of the stock were exchanged, compared to its average volume of 178,569. The firm has a 50 day simple moving average of $1,846.66 and a 200-day simple moving average of $1,978.39. Fair Isaac Co. has a 12-month low of $1,134.06 and a 12-month high of $2,402.52. The company has a market cap of $49.03 billion, a price-to-earnings ratio of 92.57, a P/E/G ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results 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 company had revenue of $498.74 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.14 earnings per share. Research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Raymond James increased their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a research report on Wednesday. Bank of America initiated coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Oppenheimer reduced their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their target price on 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. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus 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 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 $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 13,058 shares of company stock valued at $23,119,030 over the last three months. 3.46% of the stock is currently owned by insiders.

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.