Mercer Global Advisors Inc. ADV Decreases Stock Position in Fair Isaac Co. (NYSE:FICO)

Mercer Global Advisors Inc. ADV reduced its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 879 shares of the technology company's stock after selling 339 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Fair Isaac were worth $1,750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock worth $724,122,000 after purchasing an additional 1,977 shares in the last quarter. Barclays PLC grew its holdings in Fair Isaac by 24.8% during the third quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after buying an additional 12,038 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Fair Isaac in the 3rd quarter valued at $290,000. JPMorgan Chase & Co. lifted its stake in Fair Isaac by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock valued at $1,308,460,000 after acquiring an additional 7,466 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Fair Isaac by 36.4% during the 4th quarter. GAMMA Investing LLC now owns 90 shares of the technology company's stock worth $179,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of FICO traded down $16.75 during trading hours on Friday, hitting $2,089.01. The company's stock had a trading volume of 139,164 shares, compared to its average volume of 177,218. The business has a 50 day simple moving average of $1,879.31 and a two-hundred day simple moving average of $1,980.24. Fair Isaac Co. has a 52-week low of $1,266.72 and a 52-week high of $2,402.52. The company has a market cap of $50.85 billion, a price-to-earnings ratio of 95.87, a PEG ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping 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 firm had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same period last year, the company earned $6.14 earnings per share. The business's revenue for the quarter was up 15.0% on a year-over-year basis. Research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Oppenheimer increased their target price on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday. Needham & Company LLC restated a "buy" rating and issued a $2,500.00 target price on shares of Fair Isaac in a research note on Wednesday, April 30th. Robert W. Baird increased their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Barclays cut their price objective on 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. Finally, UBS Group reduced their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2,268.54.

Insider Transactions at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now owns 9,974 shares of the company's stock, valued at $20,517,016.70. This trade represents a 29.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William J. Lansing sold 4,092 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $72,801,401.22. The trade was a 8.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,135 shares of company stock valued at $31,505,623. 3.46% of the stock is currently owned by corporate 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.