Los Angeles Capital Management LLC Reduces Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Los Angeles Capital Management LLC cut its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 46.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,007 shares of the technology company's stock after selling 5,215 shares during the quarter. Los Angeles Capital Management LLC's holdings in Fair Isaac were worth $6,992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Fair Isaac during the fourth quarter valued at about $35,000. First Horizon Advisors Inc. raised its stake in shares of Fair Isaac by 28.1% during the fourth quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company's stock valued at $48,000 after acquiring an additional 9 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Fair Isaac in the fourth quarter worth $50,000. Headlands Technologies LLC acquired a new stake in Fair Isaac in the third quarter valued at $42,000. Finally, Assetmark Inc. bought a new position in Fair Isaac during the 3rd quarter worth $44,000. Institutional investors own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FICO shares. Royal Bank of Canada reissued a "sector perform" rating and set a $1,350.00 target price on shares of Fair Isaac in a research note on Friday, January 26th. Redburn Atlantic started coverage on Fair Isaac in a research note on Tuesday, April 16th. They set a "neutral" rating and a $1,113.00 target price for the company. Needham & Company LLC reissued a "buy" rating and issued a $1,500.00 price target on shares of Fair Isaac in a research note on Monday, April 22nd. Jefferies Financial Group increased their price target on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a "buy" rating in a report on Wednesday, January 17th. Finally, Raymond James boosted their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,224.40.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the sale, the chief executive officer now owns 20,638 shares of the company's stock, valued at $25,300,743.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 24,000 shares of company stock valued at $29,011,120. 3.54% of the stock is owned by insiders.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded up $27.66 on Friday, reaching $1,193.01. 182,907 shares of the company traded hands, compared to its average volume of 194,081. The company has a 50 day moving average of $1,226.09 and a 200 day moving average of $1,159.95. Fair Isaac Co. has a 52 week low of $729.54 and a 52 week high of $1,349.75. The firm has a market capitalization of $29.48 billion, a PE ratio of 62.63, a PEG ratio of 3.21 and a beta of 1.24.

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.