Knightsbridge Asset Management LLC Cuts Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Knightsbridge Asset Management LLC decreased its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,695 shares of the technology company's stock after selling 176 shares during the period. Fair Isaac makes up about 2.2% of Knightsbridge Asset Management LLC's investment portfolio, making the stock its 13th largest holding. Knightsbridge Asset Management LLC's holdings in Fair Isaac were worth $9,348,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Rakuten Securities Inc. raised its stake in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after buying an additional 8 shares during the period. Pinnacle Holdings LLC acquired a new stake in Fair Isaac during the fourth quarter worth approximately $26,000. Berbice Capital Management LLC acquired a new stake in Fair Isaac during the fourth quarter worth approximately $40,000. Avalon Trust Co acquired a new stake in Fair Isaac during the fourth quarter worth approximately $40,000. Finally, OFI Invest Asset Management acquired a new stake in Fair Isaac during the fourth quarter worth approximately $42,000. Institutional investors own 85.75% of the company's stock.

Insider Activity

In related news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 13,058 shares of company stock valued at $23,119,030 in the last ninety days. 3.46% of the stock is currently owned by insiders.

Fair Isaac Stock Up 0.2 %

NYSE FICO traded up $4.46 on Wednesday, reaching $1,965.96. The company had a trading volume of 101,513 shares, compared to its average volume of 178,229. The stock has a market capitalization of $48.00 billion, a P/E ratio of 90.22, a P/E/G ratio of 3.27 and a beta of 1.37. The company's fifty day moving average is $1,840.79 and its 200 day moving average is $1,978.31. Fair Isaac Co. has a 52-week low of $1,131.03 and a 52-week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same period in the prior year, the firm posted $6.14 EPS. Fair Isaac's quarterly revenue was up 15.0% compared to the same quarter last year. On average, research analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FICO. UBS Group reduced their target price 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. Wells Fargo & Company dropped their price target on 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. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Raymond James lifted their price objective on Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Robert W. Baird increased their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $2,277.46.

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.