PGGM Investments Cuts Stock Holdings in Fair Isaac Co. (NYSE:FICO)

PGGM Investments lowered its stake in Fair Isaac Co. (NYSE:FICO) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,385 shares of the technology company’s stock after selling 2,492 shares during the period. PGGM Investments’ holdings in Fair Isaac were worth $26,649,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp increased its stake in Fair Isaac by 0.5% in the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock worth $2,031,299,000 after purchasing an additional 5,472 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock worth $1,308,460,000 after purchasing an additional 7,466 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Fair Isaac by 1.0% in the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock worth $1,251,537,000 after purchasing an additional 6,510 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after buying an additional 1,977 shares during the period. Finally, Jennison Associates LLC raised its holdings in Fair Isaac by 5.4% during the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company’s stock valued at $506,257,000 after buying an additional 13,133 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Steven P. Weber sold 139 shares of the stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marc F. Mcmorris sold 520 shares of Fair Isaac stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the completion of the transaction, the director now directly owns 242 shares of the company’s stock, valued at approximately $520,921.94. This represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,669 shares of company stock worth $12,235,813. 3.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FICO has been the topic of a number of recent analyst reports. UBS Group cut their price target 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. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target for the company. The Goldman Sachs Group lifted their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company decreased their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $2,088.15.

Fair Isaac Stock Up 3.1 %

Shares of FICO stock opened at $1,776.70 on Thursday. The business’s fifty day moving average is $1,853.61 and its 200 day moving average is $1,981.09. The stock has a market cap of $43.38 billion, a price-to-earnings ratio of 81.54, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.52.

Fair Isaac (NYSE:FICO) last released its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share 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%. Equities research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

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.