Cigna Investments Inc. New Sells 6 Shares of Fair Isaac Co. (NYSE:FICO)

Cigna Investments Inc. New cut its position in Fair Isaac Co. (NYSE:FICO) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245 shares of the technology company’s stock after selling 6 shares during the quarter. Cigna Investments Inc. New’s holdings in Fair Isaac were worth $488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of Fair Isaac by 189,461.6% during the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after buying an additional 538,071 shares in the last quarter. AustralianSuper Pty Ltd raised its stake in Fair Isaac by 1,270.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after buying an additional 67,931 shares during the period. FMR LLC raised its stake in shares of Fair Isaac by 46.1% in the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after purchasing an additional 65,297 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Fair Isaac by 35.1% in the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock worth $468,677,000 after purchasing an additional 62,653 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its position in shares of Fair Isaac by 1,845.2% during the third quarter. Mizuho Securities USA LLC now owns 37,133 shares of the technology company’s stock valued at $72,169,000 after acquiring an additional 35,224 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $1,855.53 on Tuesday. The company has a market cap of $45.31 billion, a P/E ratio of 85.16, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. The firm has a 50-day simple moving average of $2,008.91 and a two-hundred day simple moving average of $1,966.45. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Equities research analysts forecast that Fair Isaac Co. will post 23.91 EPS for the current year.

Insider Activity

In other news, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the completion of the sale, the executive vice president now owns 45,395 shares of the company’s stock, valued at $107,760,920.75. This trade represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,660 shares of company stock worth $24,410,261. 3.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group cut their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Robert W. Baird decreased their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Jefferies Financial Group cut 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 note on Wednesday, February 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, Oppenheimer cut their price objective 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. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,078.15.

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.