Lord Abbett & CO. LLC Sells 7,692 Shares of Fair Isaac Co. (NYSE:FICO)

Lord Abbett & CO. LLC cut its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 32.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,779 shares of the technology company's stock after selling 7,692 shares during the period. Lord Abbett & CO. LLC owned about 0.06% of Fair Isaac worth $31,415,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FICO. Kovitz Investment Group Partners LLC acquired a new position in shares of Fair Isaac during the fourth quarter worth $1,690,000. Burling Wealth Partners LLC bought a new position in Fair Isaac in the fourth quarter worth approximately $229,000. Adage Capital Partners GP L.L.C. grew its position in Fair Isaac by 0.9% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 22,800 shares of the technology company's stock valued at $45,393,000 after purchasing an additional 200 shares during the period. Pinebridge Investments L.P. increased its position in shares of Fair Isaac by 345.7% during the fourth quarter. Pinebridge Investments L.P. now owns 2,759 shares of the technology company's stock worth $5,493,000 after acquiring an additional 2,140 shares in the last quarter. Finally, Quantessence Capital LLC bought a new stake in Fair Isaac during the 4th quarter worth approximately $530,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Trading Up 3.3 %

Shares of FICO stock traded up $65.30 during midday trading on Friday, reaching $2,066.98. 71,460 shares of the stock were exchanged, compared to its average volume of 178,177. The company's 50 day moving average is $1,852.23 and its two-hundred day moving average is $1,977.98. The firm has a market cap of $50.47 billion, a PE ratio of 94.59, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a 1 year low of $1,134.86 and a 1 year high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last released 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 business had revenue of $498.74 million for 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 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 company posted $6.14 earnings per share. As a group, equities analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on FICO shares. Wells Fargo & Company lowered their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a report on Wednesday. Oppenheimer reduced their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Barclays decreased their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Finally, UBS Group cut 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 research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $2,277.46.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $74,210,495.94. This trade represents a 6.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 13,058 shares of company stock valued at $23,119,030. Corporate insiders own 3.46% of the company's stock.

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.