Truist Financial Corp Trims Holdings in Fair Isaac Co. (NYSE:FICO)

Truist Financial Corp lessened its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,231 shares of the technology company's stock after selling 695 shares during the period. Truist Financial Corp's holdings in Fair Isaac were worth $7,253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FICO. K.J. Harrison & Partners Inc acquired a new stake in shares of Fair Isaac during the fourth quarter worth $1,164,000. Semanteon Capital Management LP bought a new position in shares of Fair Isaac in the 4th quarter worth about $702,000. Stevens Capital Management LP acquired a new position in shares of Fair Isaac in the 4th quarter valued at about $762,000. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Fair Isaac by 1.9% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 694 shares of the technology company's stock valued at $808,000 after purchasing an additional 13 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in Fair Isaac by 4.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,233 shares of the technology company's stock worth $2,600,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of FICO stock traded up $27.66 on Friday, hitting $1,193.01. The stock had a trading volume of 182,907 shares, compared to its average volume of 194,081. Fair Isaac Co. has a 12-month low of $729.54 and a 12-month high of $1,349.75. The stock has a market cap of $29.48 billion, a price-to-earnings ratio of 62.63, a price-to-earnings-growth ratio of 3.14 and a beta of 1.24. The business has a 50 day moving average of $1,226.09 and a 200 day moving average of $1,158.28.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FICO shares. Royal Bank of Canada restated a "sector perform" rating and set a $1,350.00 price target on shares of Fair Isaac in a report on Friday, January 26th. Jefferies Financial Group upped their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a "buy" rating in a report on Wednesday, January 17th. Redburn Atlantic started coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a "neutral" rating and a $1,113.00 target price for the company. Barclays boosted their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, January 26th. Finally, Raymond James raised their price objective on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,224.40.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the sale, the chief executive officer now directly owns 20,638 shares in the company, valued at $25,300,743.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 24,000 shares of company stock worth $29,011,120. Insiders own 3.54% of the company's stock.

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.