Bank of New York Mellon Corp Sells 4,442 Shares of Fair Isaac Co. (NYSE:FICO)

Bank of New York Mellon Corp lowered its position in Fair Isaac Co. (NYSE:FICO) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,384 shares of the technology company’s stock after selling 4,442 shares during the period. Bank of New York Mellon Corp owned about 0.61% of Fair Isaac worth $297,414,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its position in Fair Isaac by 0.5% in the third 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 last quarter. JPMorgan Chase & Co. lifted its stake in shares of Fair Isaac by 1.1% in the 3rd 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 period. Geode Capital Management LLC boosted 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 buying an additional 6,510 shares during the last quarter. Principal Financial Group Inc. grew 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 buying an additional 1,977 shares during the period. Finally, Jennison Associates LLC increased its holdings in Fair Isaac by 5.4% during the fourth 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. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday. The Goldman Sachs Group boosted their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Robert W. Baird decreased their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. UBS Group lowered their price objective on 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. Finally, Jefferies Financial Group reduced their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Four research 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 an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

Insider Activity at Fair Isaac

In other news, Director Marc F. Mcmorris sold 520 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the sale, the director now directly owns 242 shares in the company, valued at approximately $520,921.94. This represents a 68.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the completion of the transaction, the executive vice president now directly owns 45,395 shares of the company’s stock, valued at approximately $107,760,920.75. The trade was a 7.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,170 shares of company stock valued at $27,132,248. Insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Fair Isaac stock opened at $1,867.49 on Thursday. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The firm’s 50 day moving average price is $1,900.41 and its 200-day moving average price is $1,976.50. The stock has a market cap of $45.60 billion, a P/E ratio of 85.70, a PEG ratio of 3.27 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last announced its quarterly 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%. As a group, equities analysts expect that Fair Isaac Co. will post 24.15 EPS for the current 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.