Nomura Holdings Inc. Sells 2,111 Shares of Fair Isaac Co. (NYSE:FICO)

Nomura Holdings Inc. reduced its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 72.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 807 shares of the technology company's stock after selling 2,111 shares during the period. Nomura Holdings Inc.'s holdings in Fair Isaac were worth $1,607,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FICO. Mechanics Bank Trust Department grew its stake in shares of Fair Isaac by 5.7% during the fourth quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company's stock valued at $223,000 after purchasing an additional 6 shares during the last quarter. Alpha Cubed Investments LLC boosted its position in Fair Isaac by 1.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company's stock valued at $942,000 after buying an additional 6 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in Fair Isaac by 2.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company's stock valued at $609,000 after buying an additional 6 shares during the last quarter. Mather Group LLC. increased its stake in shares of Fair Isaac by 5.2% in the 4th quarter. Mather Group LLC. now owns 122 shares of the technology company's stock valued at $243,000 after buying an additional 6 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of Fair Isaac by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock worth $1,236,000 after acquiring an additional 6 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Down 15.7%

Shares of NYSE:FICO traded down $318.60 during midday trading on Wednesday, reaching $1,708.40. 940,936 shares of the company were exchanged, compared to its average volume of 179,447. The firm has a market cap of $41.59 billion, a PE ratio of 78.40, a P/E/G ratio of 3.27 and a beta of 1.40. The stock has a fifty day simple moving average of $1,930.06 and a two-hundred day simple moving average of $1,987.21. Fair Isaac Co. has a fifty-two week low of $1,266.72 and a fifty-two week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share 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 net margin of 30.66% and a negative return on equity of 53.40%. The business's quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the business earned $6.14 EPS. As a group, analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Analysts Set New Price Targets

FICO has been the subject of a number of research reports. Wells Fargo & Company lowered their price objective 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. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. UBS Group lowered 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 report on Monday, January 27th. 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 note on Wednesday, April 30th. Finally, Needham & Company LLC lifted their price objective on Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $2,299.31.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 5,419 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $2,147.97, for a total value of $11,639,849.43. Following the sale, the chief executive officer now owns 42,730 shares in the company, valued at approximately $91,782,758.10. This represents a 11.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the transaction, the executive vice president now owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,933 shares of company stock valued at $35,250,629. 3.46% of the stock is 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.