Price T Rowe Associates Inc. MD Lowers Stake in Fair Isaac Co. (NYSE:FICO)

Price T Rowe Associates Inc. MD cut its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 12.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 819,897 shares of the technology company's stock after selling 114,992 shares during the quarter. Price T Rowe Associates Inc. MD owned 3.36% of Fair Isaac worth $1,632,359,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position 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 purchasing an additional 1,977 shares during the period. Barclays PLC lifted its holdings in shares of Fair Isaac by 24.8% during the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock valued at $117,624,000 after buying an additional 12,038 shares during the period. Morse Asset Management Inc grew its holdings in shares of Fair Isaac by 7.3% in the third quarter. Morse Asset Management Inc now owns 427 shares of the technology company's stock worth $830,000 after acquiring an additional 29 shares during the period. Anchor Investment Management LLC boosted its position in Fair Isaac by 204.0% in the third quarter. Anchor Investment Management LLC now owns 76 shares of the technology company's stock worth $148,000 after purchasing an additional 51 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of Fair Isaac during the 3rd quarter valued at about $290,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at $74,210,495.94. This trade represents a 6.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 13,058 shares of company stock worth $23,119,030. 3.46% of the stock is currently owned by insiders.

Fair Isaac Trading Down 1.4 %

FICO traded down $27.04 during trading hours on Monday, hitting $1,925.28. The company's stock had a trading volume of 58,207 shares, compared to its average volume of 178,464. Fair Isaac Co. has a 12 month low of $1,112.65 and a 12 month high of $2,402.52. The business's 50-day moving average price is $1,832.51 and its 200-day moving average price is $1,979.12. The stock has a market cap of $47.01 billion, a price-to-earnings ratio of 88.35, a P/E/G ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS 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%. On average, analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group dropped their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Bank of America initiated coverage on Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target for the company. Wells Fargo & Company decreased their price objective 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. Barclays lowered their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $2,500.00 target price on shares of Fair Isaac in a report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average 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.