Fair Isaac Co. (NYSE:FICO) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its position in shares of Fair Isaac Co. (NYSE:FICO) by 11.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,030 shares of the technology company’s stock after selling 1,535 shares during the period. Illinois Municipal Retirement Fund’s holdings in Fair Isaac were worth $23,951,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FICO. Capital Performance Advisors LLP purchased a new position in Fair Isaac during the 3rd quarter valued at about $25,000. True Wealth Design LLC boosted its position in shares of Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after acquiring an additional 18 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Fair Isaac in the fourth quarter worth approximately $40,000. Meeder Asset Management Inc. lifted its position in Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the topic of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Robert W. Baird reduced their price target 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. Needham & Company LLC reissued a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a report on Wednesday, February 5th. Finally, Jefferies Financial Group reduced their price objective 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. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2,078.15.

Fair Isaac Trading Up 1.9 %

Shares of NYSE FICO opened at $1,729.68 on Tuesday. The firm has a 50-day moving average of $1,910.52 and a two-hundred day moving average of $1,976.81. The company has a market capitalization of $42.24 billion, a price-to-earnings ratio of 79.38, a PEG ratio of 3.27 and a beta of 1.39. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Activity

In related news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the completion of the transaction, the executive vice president now owns 45,395 shares in the company, valued at $107,760,920.75. This represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,170 shares of company stock worth $27,132,248 in the last 90 days. 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.