Mitsubishi UFJ Trust & Banking Corp Sells 6,465 Shares of Fair Isaac Corporation $FICO

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 31.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,858 shares of the technology company’s stock after selling 6,465 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Fair Isaac worth $20,739,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Fair Isaac by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,997,525 shares of the technology company’s stock valued at $5,479,356,000 after buying an additional 35,091 shares during the last quarter. State Street Corp lifted its stake in shares of Fair Isaac by 1.2% in the second quarter. State Street Corp now owns 1,083,410 shares of the technology company’s stock worth $1,980,430,000 after acquiring an additional 13,018 shares during the period. Geode Capital Management LLC boosted its holdings in Fair Isaac by 2.0% in the second quarter. Geode Capital Management LLC now owns 712,699 shares of the technology company’s stock valued at $1,299,727,000 after acquiring an additional 13,906 shares during the last quarter. American Century Companies Inc. increased its position in Fair Isaac by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 397,389 shares of the technology company’s stock valued at $726,411,000 after purchasing an additional 10,771 shares during the period. Finally, Edgewood Management LLC bought a new position in Fair Isaac during the 2nd quarter worth approximately $612,785,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FICO shares. Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. BMO Capital Markets decreased their price target on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Robert W. Baird lifted their price objective on Fair Isaac from $1,900.00 to $1,960.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Zacks Research lowered Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Jefferies Financial Group raised their target price on Fair Isaac from $2,100.00 to $2,200.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,092.15.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,549.95 on Tuesday. The business has a 50-day simple moving average of $1,703.65 and a 200 day simple moving average of $1,604.99. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,217.60. The firm has a market capitalization of $36.83 billion, a price-to-earnings ratio of 58.38, a PEG ratio of 1.65 and a beta of 1.30.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, beating analysts’ consensus estimates of $7.36 by $0.38. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The firm had revenue of $515.75 million during the quarter, compared to analysts’ expectations of $512.38 million. During the same quarter last year, the firm posted $6.54 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, sell-side analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In related news, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total value of $951,257.43. Following the transaction, the director owned 344 shares of the company’s stock, valued at approximately $628,085.52. This trade represents a 60.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 2,400 shares of Fair Isaac stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the transaction, the chief executive officer owned 10,933 shares of the company’s stock, valued at $18,945,577.04. This trade represents a 18.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,347 shares of company stock valued at $7,691,229. Corporate insiders own 3.46% of the company’s stock.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.