Fair Isaac Co. (NYSE:FICO) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lessened its stake in shares of Fair Isaac Co. (NYSE:FICO) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,622 shares of the technology company’s stock after selling 18 shares during the period. New York Life Investment Management LLC’s holdings in Fair Isaac were worth $7,211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. First National Bank of Omaha acquired a new position in shares of Fair Isaac during the 3rd quarter worth about $1,576,000. National Bank of Canada FI raised its position in shares of Fair Isaac by 51.9% during the 3rd quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock worth $38,514,000 after purchasing an additional 6,768 shares during the last quarter. Donoghue Forlines LLC acquired a new position in shares of Fair Isaac during the 4th quarter worth about $1,935,000. BNP Paribas acquired a new position in shares of Fair Isaac during the 3rd quarter worth about $445,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Fair Isaac by 86.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock worth $1,477,000 after purchasing an additional 352 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 analysts have commented on the stock. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $2,040.00 to $2,170.00 in a report on Wednesday. Wells Fargo & Company cut 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 report on Wednesday, February 5th. UBS Group cut their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Barclays increased their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Robert W. Baird cut 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 report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 6,010 shares of the 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 completion of the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James M. Wehmann sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $2,195.19, for a total transaction of $6,585,570.00. Following the transaction, the executive vice president now directly owns 51,911 shares of the company’s stock, valued at $113,954,508.09. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,170 shares of company stock valued at $27,132,248. Company insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Fair Isaac stock opened at $1,884.63 on Friday. The firm has a 50 day simple moving average of $1,892.09 and a 200-day simple moving average of $1,976.67. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.52. The stock has a market cap of $46.02 billion, a price-to-earnings ratio of 86.49, a price-to-earnings-growth ratio of 3.27 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data 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 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.