Nippon Life Global Investors Americas Inc. Decreases Holdings in Fair Isaac Co. (NYSE:FICO)

Nippon Life Global Investors Americas Inc. decreased its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,040 shares of the technology company's stock after selling 540 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in Fair Isaac were worth $10,034,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Fair Isaac by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock valued at $5,781,051,000 after buying an additional 22,178 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Fair Isaac by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock valued at $1,351,073,000 after buying an additional 5,371 shares during the last quarter. Geode Capital Management LLC boosted its stake in Fair Isaac by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock valued at $1,318,630,000 after buying an additional 17,656 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after buying an additional 1,977 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Fair Isaac by 5.4% during the fourth quarter. Jennison Associates LLC now owns 254,282 shares of the technology company's stock valued at $506,257,000 after buying an additional 13,133 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Up 0.8 %

NYSE FICO traded up $16.04 on Friday, hitting $1,952.85. 182,409 shares of the stock were exchanged, compared to its average volume of 178,930. Fair Isaac Co. has a fifty-two week low of $1,112.65 and a fifty-two week high of $2,402.52. The company has a market cap of $47.68 billion, a PE ratio of 89.62, a PEG ratio of 3.27 and a beta of 1.37. The company has a 50-day moving average price of $1,832.51 and a 200-day moving average price of $1,979.12.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. As a group, equities research analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 4,092 shares of Fair Isaac 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 sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 13,058 shares of company stock valued at $23,119,030. 3.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FICO shares. Needham & Company LLC reissued a "buy" rating and set a $2,500.00 price target on shares of Fair Isaac in a research note on Friday, April 11th. Oppenheimer decreased their price objective 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. Bank of America initiated coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Wells Fargo & Company dropped their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Finally, Robert W. Baird dropped their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $2,276.25.

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.