State of New Jersey Common Pension Fund D Trims Holdings in Fair Isaac Co. (NYSE:FICO)

State of New Jersey Common Pension Fund D reduced its position in shares of Fair Isaac Co. (NYSE:FICO) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,987 shares of the technology company’s stock after selling 82 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Fair Isaac were worth $17,892,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FICO. J.W. Cole Advisors Inc. boosted its stake in shares of Fair Isaac by 15.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 364 shares of the technology company’s stock worth $725,000 after buying an additional 50 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Fair Isaac by 2.5% in the fourth quarter. Principal Securities Inc. now owns 363 shares of the technology company’s stock worth $723,000 after purchasing an additional 9 shares during the last quarter. AustralianSuper Pty Ltd raised its stake in Fair Isaac by 40.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 102,858 shares of the technology company’s stock valued at $204,783,000 after purchasing an additional 29,582 shares in the last quarter. Vontobel Holding Ltd. raised its position in Fair Isaac by 1.7% during the fourth quarter. Vontobel Holding Ltd. now owns 737 shares of the technology company’s stock valued at $1,467,000 after purchasing an additional 12 shares during the period. Finally, Soltis Investment Advisors LLC purchased a new stake in shares of Fair Isaac in the fourth quarter valued at $2,449,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,795.33 on Tuesday. The firm’s 50-day moving average is $1,954.33 and its two-hundred day moving average is $1,973.50. The company has a market capitalization of $43.84 billion, a PE ratio of 82.39, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.51.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. Sell-side analysts forecast that Fair Isaac Co. will post 23.91 EPS for the current year.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the transaction, the executive vice president now owns 48,895 shares of the company’s stock, valued at $113,456,446.95. This trade represents a 6.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,670 shares of company stock worth $35,253,683 over the last 90 days. Corporate insiders own 3.46% of the company’s stock.

Analyst Ratings Changes

FICO has been the subject of several research reports. Robert W. Baird lowered their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Barclays upped their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. UBS Group dropped their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group reduced their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,078.15.

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.