Mutual of America Capital Management LLC trimmed its position in Fair Isaac Co. (NYSE:FICO – Free Report) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,915 shares of the technology company’s stock after selling 104 shares during the period. Mutual of America Capital Management LLC’s holdings in Fair Isaac were worth $5,804,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. First National Bank of Omaha bought a new stake in shares of Fair Isaac in the third quarter valued at about $1,576,000. National Bank of Canada FI increased its position in shares of Fair Isaac by 51.9% in the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock valued at $38,514,000 after acquiring an additional 6,768 shares during the last quarter. Donoghue Forlines LLC acquired a new stake in shares of Fair Isaac in the fourth quarter valued at about $1,935,000. BNP Paribas acquired a new stake in shares of Fair Isaac in the third quarter valued at about $445,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Fair Isaac by 86.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock valued at $1,477,000 after acquiring an additional 352 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.
Fair Isaac Trading Down 1.4 %
Fair Isaac stock opened at $1,859.28 on Tuesday. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.52. The stock’s 50 day moving average is $1,887.66 and its 200-day moving average is $1,980.16. The company has a market capitalization of $45.40 billion, a price-to-earnings ratio of 85.33, a PEG ratio of 3.27 and a beta of 1.39.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Jefferies Financial Group lowered their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group lifted their target price on 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. Oppenheimer lowered their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday, February 5th. Finally, Barclays boosted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,088.15.
Check Out Our Latest Report on FICO
Insider Activity at Fair Isaac
In related news, EVP James M. Wehmann sold 3,000 shares of the business’s 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 value of $6,585,570.00. Following the completion of the sale, the executive vice president now directly owns 51,911 shares in the company, valued at approximately $113,954,508.09. The trade was a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marc F. Mcmorris sold 520 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the completion of the sale, the director now owns 242 shares of the company’s stock, valued at approximately $520,921.94. This trade represents a 68.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,170 shares of company stock worth $27,132,248. Company insiders own 3.46% of the company’s stock.
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.
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