Frontier Capital Management Co. LLC Sells 17,904 Shares of Fair Isaac Co. (NYSE:FICO)

Frontier Capital Management Co. LLC cut its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,213 shares of the technology company's stock after selling 17,904 shares during the quarter. Fair Isaac comprises approximately 0.7% of Frontier Capital Management Co. LLC's investment portfolio, making the stock its 28th biggest position. Frontier Capital Management Co. LLC owned 0.16% of Fair Isaac worth $78,070,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FICO. Nebula Research & Development LLC acquired a new position in shares of Fair Isaac during the fourth quarter worth $2,540,000. Donoghue Forlines LLC acquired a new stake in shares of Fair Isaac in the 4th quarter valued at approximately $1,935,000. Czech National Bank grew its stake in shares of Fair Isaac by 5.7% during 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 during the period. Barclays PLC boosted its stake in shares of Fair Isaac by 24.8% during the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after acquiring an additional 12,038 shares in the last quarter. Finally, Brighton Jones LLC raised its position in Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after acquiring an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Down 0.8 %

Shares of FICO stock traded down $16.75 during mid-day trading on Friday, reaching $2,089.01. The stock had a trading volume of 139,164 shares, compared to its average volume of 177,218. Fair Isaac Co. has a one year low of $1,266.72 and a one year high of $2,402.52. The firm's 50 day simple moving average is $1,879.31 and its 200 day simple moving average is $1,980.24. The firm has a market cap of $50.85 billion, a PE ratio of 95.87, a P/E/G ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The firm had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. During the same quarter in the previous year, the company posted $6.14 EPS. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. Sell-side analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the executive vice president now directly owns 9,974 shares in the company, valued at $20,517,016.70. This trade represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,135 shares of company stock valued at $31,505,623 over the last ninety days. Insiders own 3.46% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on FICO shares. Raymond James raised their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. UBS Group dropped their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group decreased their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Bank of America initiated coverage on shares of Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price on the stock. Finally, Robert W. Baird raised their target price on Fair Isaac from $1,775.00 to $1,837.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2,268.54.

Fair Isaac 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.