Nuveen Asset Management LLC Sells 5,123 Shares of Fair Isaac Co. (NYSE:FICO)

Nuveen Asset Management LLC trimmed its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,921 shares of the technology company's stock after selling 5,123 shares during the period. Nuveen Asset Management LLC owned approximately 0.30% of Fair Isaac worth $145,181,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FICO. Rakuten Securities Inc. boosted its holdings in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after acquiring an additional 8 shares during the period. Pinnacle Holdings LLC bought a new stake in shares of Fair Isaac in the fourth quarter valued at about $26,000. Berbice Capital Management LLC bought a new stake in shares of Fair Isaac in the fourth quarter valued at about $40,000. Avalon Trust Co bought a new stake in shares of Fair Isaac in the fourth quarter valued at about $40,000. Finally, OFI Invest Asset Management bought a new stake in shares of Fair Isaac in the fourth quarter valued at about $42,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Up 0.9%

FICO traded up $19.53 during midday trading on Friday, reaching $2,199.97. 163,779 shares of the company's stock were exchanged, compared to its average volume of 175,009. The firm has a market capitalization of $53.55 billion, a price-to-earnings ratio of 100.96, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. The business has a 50-day simple moving average of $1,915.89 and a two-hundred day simple moving average of $1,985.45. Fair Isaac Co. has a one year low of $1,266.72 and a one year high of $2,402.52.

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

Analyst Upgrades and Downgrades

FICO has been the subject of several research reports. Robert W. Baird increased their target price on shares of 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. Needham & Company LLC increased their target price on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Raymond James increased their target price on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. UBS Group reduced 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 note on Monday, January 27th. Finally, Oppenheimer raised their price target on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,299.31.

Insider Transactions at Fair Isaac

In related news, Director Marc F. Mcmorris sold 797 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the sale, the director now owns 242 shares of the company's stock, valued at $505,175. This trade represents a 76.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William J. Lansing sold 5,419 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $2,147.97, for a total transaction of $11,639,849.43. Following the completion of the sale, the chief executive officer now directly owns 42,730 shares of the company's stock, valued at approximately $91,782,758.10. This represents a 11.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,933 shares of company stock valued at $35,250,629. Corporate insiders own 3.46% of the company's stock.

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.