New York State Common Retirement Fund Sells 3,585 Shares of Fair Isaac Co. (NYSE:FICO)

New York State Common Retirement Fund cut its position in Fair Isaac Co. (NYSE:FICO) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,889 shares of the technology company’s stock after selling 3,585 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Fair Isaac worth $23,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FICO. McGlone Suttner Wealth Management Inc. bought a new position in shares of Fair Isaac in the fourth quarter valued at $35,000. Headlands Technologies LLC bought a new position in shares of Fair Isaac in the third quarter valued at $42,000. Assetmark Inc. bought a new position in shares of Fair Isaac in the third quarter valued at $44,000. KB Financial Partners LLC grew its stake in shares of Fair Isaac by 26.2% in the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock valued at $46,000 after buying an additional 11 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in shares of Fair Isaac in the third quarter valued at $50,000. 85.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on FICO. Barclays lifted their price objective on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Jefferies Financial Group lifted their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Raymond James lifted their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday. Redburn Atlantic began coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 price objective on shares of Fair Isaac in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,182.09.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the completion of the transaction, the chief executive officer now owns 12,638 shares of the company’s stock, valued at $14,414,270.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 24,000 shares of company stock valued at $29,011,120 over the last quarter. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Down 6.9 %

FICO stock opened at $1,110.85 on Friday. The company has a market cap of $27.60 billion, a PE ratio of 58.31, a price-to-earnings-growth ratio of 2.65 and a beta of 1.21. The business has a 50-day simple moving average of $1,237.78 and a 200 day simple moving average of $1,149.19. Fair Isaac Co. has a 52 week low of $714.63 and a 52 week high of $1,349.75.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.11. The business had revenue of $382.06 million during the quarter, compared to the consensus estimate of $386.55 million. Fair Isaac had a negative return on equity of 62.94% and a net margin of 29.99%. On average, analysts anticipate that Fair Isaac Co. will post 19.93 EPS for the current fiscal year.

Fair Isaac 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.