USS Investment Management Ltd Sells 606 Shares of Fair Isaac Co. (NYSE:FICO)

USS Investment Management Ltd cut its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 13.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,032 shares of the technology company's stock after selling 606 shares during the quarter. USS Investment Management Ltd's holdings in Fair Isaac were worth $8,022,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Rakuten Securities Inc. increased its stake in shares of Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after acquiring an additional 8 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in Fair Isaac in the fourth quarter valued at about $26,000. Berbice Capital Management LLC acquired a new position in Fair Isaac in the 4th quarter worth about $40,000. Avalon Trust Co purchased a new stake in shares of Fair Isaac during the 4th quarter worth about $40,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Fair Isaac during the 4th quarter worth about $42,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FICO. UBS Group dropped their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Bank of America started 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 for the company. Needham & Company LLC lifted their price objective on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Raymond James reiterated an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Finally, Barclays lowered their target price 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 issued a buy rating to the company. According to data from MarketBeat.com, Fair Isaac has an average rating of "Moderate Buy" and an average price target of $2,299.31.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded down $148.84 during midday trading on Tuesday, hitting $1,545.52. The company's stock had a trading volume of 333,640 shares, compared to its average volume of 181,332. The stock's 50 day simple moving average is $1,919.43 and its 200 day simple moving average is $1,974.62. The stock has a market capitalization of $37.62 billion, a price-to-earnings ratio of 71.13, a PEG ratio of 3.27 and a beta of 1.40. 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 announced its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating the consensus estimate of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.14 EPS. As a group, analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the transaction, the executive vice president now directly owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William J. Lansing sold 592 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total value of $1,284,841.28. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $91,453,786.92. This trade represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,933 shares of company stock worth $35,250,629 in the last ninety days. 3.46% of the stock is currently owned by insiders.

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.