Maryland State Retirement & Pension System Sells 106 Shares of Fair Isaac Co. (NYSE:FICO)

Maryland State Retirement & Pension System trimmed its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,267 shares of the technology company’s stock after selling 106 shares during the period. Maryland State Retirement & Pension System’s holdings in Fair Isaac were worth $2,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. Principal Financial Group Inc. grew its holdings in Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after acquiring an additional 1,977 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Fair Isaac by 5.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,185 shares of the technology company’s stock worth $8,134,000 after acquiring an additional 214 shares in the last quarter. Quest Partners LLC bought a new position in Fair Isaac during the 3rd quarter worth about $688,000. Meeder Asset Management Inc. grew its holdings in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after acquiring an additional 6 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Fair Isaac during the 3rd quarter worth about $2,981,000. 85.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on FICO shares. Jefferies Financial Group decreased their price target on shares of 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. Oppenheimer decreased their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. started coverage on shares of 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. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2,088.15.

Insiders Place Their Bets

In other news, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Lansing sold 4,092 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $72,801,401.22. The trade was a 8.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,241 shares of company stock valued at $18,186,184. 3.46% of the stock is owned by insiders.

Fair Isaac Stock Down 1.0 %

Shares of Fair Isaac stock opened at $1,854.52 on Friday. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. The firm has a market capitalization of $45.28 billion, a P/E ratio of 85.11, a PEG ratio of 3.27 and a beta of 1.41. The company has a 50 day moving average price of $1,836.39 and a 200 day moving average price of $1,983.62.

Fair Isaac (NYSE:FICO) last posted 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 negative return on equity of 53.40% and a net margin of 30.66%. As a group, research analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Fair Isaac Company 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.