Bank of New York Mellon Corp Has $251.23 Million Stock Holdings in Fair Isaac Corporation $FICO

Bank of New York Mellon Corp lowered its position in Fair Isaac Corporation (NYSE:FICO) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,438 shares of the technology company’s stock after selling 8,030 shares during the quarter. Bank of New York Mellon Corp owned 0.57% of Fair Isaac worth $251,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in FICO. Westside Investment Management Inc. bought a new stake in Fair Isaac during the 2nd quarter worth approximately $26,000. ORG Partners LLC acquired a new position in shares of Fair Isaac during the second quarter worth $27,000. Hilltop National Bank bought a new stake in shares of Fair Isaac in the second quarter worth $27,000. Geo Capital Gestora de Recursos Ltd acquired a new stake in Fair Isaac in the first quarter valued at $28,000. Finally, N.E.W. Advisory Services LLC bought a new position in Fair Isaac during the 1st quarter worth $30,000. Institutional investors own 85.75% of the company’s stock.

Insider Activity

In other news, CEO William J. Lansing sold 6,011 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the sale, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. This trade represents a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 18,032 shares of company stock worth $28,094,085. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Stock Down 2.7%

Fair Isaac stock opened at $1,605.26 on Wednesday. The company has a market capitalization of $38.53 billion, a PE ratio of 62.78, a PEG ratio of 1.63 and a beta of 1.35. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The firm’s fifty day moving average is $1,595.68 and its 200 day moving average is $1,670.91.

Wall Street Analyst Weigh In

FICO has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Zacks Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Raymond James Financial dropped their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,950.00 price objective on shares of Fair Isaac in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,137.43.

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.