Fair Isaac Co. (NYSE:FICO) Stock Position Cut by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in Fair Isaac Co. (NYSE:FICO) by 25.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,654 shares of the technology company’s stock after selling 91,322 shares during the period. Franklin Resources Inc.’s holdings in Fair Isaac were worth $530,889,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FICO. Principal Financial Group Inc. grew its holdings 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 worth $724,122,000 after acquiring an additional 1,977 shares during the period. D.A. Davidson & CO. grew its stake in shares of Fair Isaac by 2.2% in the 3rd quarter. D.A. Davidson & CO. now owns 615 shares of the technology company’s stock worth $1,195,000 after purchasing an additional 13 shares during the last quarter. Glenmede Trust Co. NA acquired a new position in shares of Fair Isaac in the 3rd quarter worth approximately $253,000. Public Sector Pension Investment Board raised its holdings in shares of Fair Isaac by 10.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,042 shares of the technology company’s stock worth $2,025,000 after purchasing an additional 100 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Fair Isaac by 9.3% during the third quarter. Captrust Financial Advisors now owns 600 shares of the technology company’s stock valued at $1,167,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on FICO. Oppenheimer cut their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Robert W. Baird reduced their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price target on the stock. Wells Fargo & Company reduced their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group dropped their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average price target of $2,088.15.

Fair Isaac Price Performance

NYSE FICO opened at $1,844.90 on Tuesday. The firm has a market capitalization of $45.05 billion, a price-to-earnings ratio of 84.67, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. The company has a 50 day simple moving average of $1,827.49 and a 200-day simple moving average of $1,991.74. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. On average, analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,241 shares of company stock valued at $18,186,184. Insiders own 3.46% of the company’s stock.

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.