Fair Isaac Co. (NYSE:FICO) Stock Holdings Lessened by Franklin Resources Inc.

Franklin Resources Inc. lessened its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 18.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 357,976 shares of the technology company’s stock after selling 79,190 shares during the period. Franklin Resources Inc. owned 1.47% of Fair Isaac worth $740,620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in Fair Isaac in the third quarter valued at $25,000. Tortoise Investment Management LLC lifted its position in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the last quarter. True Wealth Design LLC boosted its stake in Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares during the period. Meeder Asset Management Inc. grew its position in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Fair Isaac in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group started coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Needham & Company LLC boosted their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Oppenheimer raised their price target on Fair Isaac from $2,324.00 to $2,515.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. The Goldman Sachs Group upped their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company raised their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,022.67.

Insider Buying and Selling

In other news, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the transaction, the executive vice president now owns 48,895 shares in the company, valued at $113,456,446.95. This represents a 6.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,930 shares of company stock valued at $23,281,002. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $2,162.80 on Friday. The stock has a market capitalization of $52.66 billion, a price-to-earnings ratio of 105.76, a PEG ratio of 4.05 and a beta of 1.36. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The company has a 50 day moving average price of $2,170.83 and a 200 day moving average price of $1,820.30.

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.