Fair Isaac Co. (NYSE:FICO) Holdings Trimmed by Truist Financial Corp

Truist Financial Corp lowered its position in shares of Fair Isaac Co. (NYSE:FICO) by 47.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,759 shares of the technology company’s stock after selling 2,517 shares during the quarter. Truist Financial Corp’s holdings in Fair Isaac were worth $5,494,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FICO. Sequoia Financial Advisors LLC boosted its stake in Fair Isaac by 12.1% during the third quarter. Sequoia Financial Advisors LLC now owns 417 shares of the technology company’s stock valued at $810,000 after buying an additional 45 shares in the last quarter. Private Advisor Group LLC boosted its stake in Fair Isaac by 3.2% during the third quarter. Private Advisor Group LLC now owns 552 shares of the technology company’s stock valued at $1,073,000 after buying an additional 17 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Fair Isaac by 60.7% during the third quarter. Assenagon Asset Management S.A. now owns 2,505 shares of the technology company’s stock valued at $4,869,000 after buying an additional 946 shares in the last quarter. E. Ohman J or Asset Management AB boosted its stake in Fair Isaac by 8.5% during the third quarter. E. Ohman J or Asset Management AB now owns 1,085 shares of the technology company’s stock valued at $2,109,000 after buying an additional 85 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in Fair Isaac by 11.8% during the third quarter. Ballentine Partners LLC now owns 170 shares of the technology company’s stock valued at $330,000 after buying an additional 18 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 1.7 %

Shares of Fair Isaac stock opened at $1,697.04 on Friday. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The stock has a 50-day moving average price of $1,919.33 and a 200 day moving average price of $1,974.57. The company has a market cap of $41.44 billion, a P/E ratio of 77.88, a P/E/G ratio of 3.27 and a beta of 1.39.

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 analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, equities analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FICO has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. UBS Group reduced their target price 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. Oppenheimer reduced their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. initiated coverage on Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,078.15.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their position. The sale was disclosed in a legal 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 dated Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the transaction, the executive vice president now directly owns 45,395 shares in the company, valued at approximately $107,760,920.75. This represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,170 shares of company stock valued at $27,132,248 in the last three months. Corporate insiders own 3.46% of the company’s stock.

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.