Corebridge Financial Inc. Cuts Position in Fair Isaac Co. (NYSE:FICO)

Corebridge Financial Inc. trimmed its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,442 shares of the technology company’s stock after selling 80 shares during the period. Corebridge Financial Inc.’s holdings in Fair Isaac were worth $12,826,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FICO. Principal Financial Group Inc. grew its stake in shares of Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after acquiring an additional 1,977 shares during the last quarter. Advisors Asset Management Inc. grew its position in Fair Isaac by 169.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 113 shares of the technology company’s stock valued at $220,000 after purchasing an additional 71 shares during the last quarter. Cerity Partners LLC increased its stake in Fair Isaac by 98.8% during the 3rd quarter. Cerity Partners LLC now owns 1,493 shares of the technology company’s stock valued at $2,902,000 after purchasing an additional 742 shares in the last quarter. Swedbank AB raised its holdings in Fair Isaac by 11.5% in the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock worth $19,089,000 after buying an additional 1,013 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Fair Isaac in the third quarter worth approximately $439,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Up 1.3 %

Shares of FICO opened at $1,922.85 on Wednesday. The business has a 50-day simple moving average of $1,834.60 and a two-hundred day simple moving average of $1,990.58. The stock has a market cap of $46.95 billion, a price-to-earnings ratio of 88.24, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. On average, equities analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on FICO. UBS Group decreased their price objective on shares of 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. The Goldman Sachs Group upped their price target 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. Jefferies Financial Group reduced their price objective on 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. Oppenheimer dropped their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. began coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,088.15.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,241 shares of company stock worth $18,186,184 over the last three months. 3.46% of the stock is currently owned by insiders.

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.