Alliancebernstein L.P. Cuts Holdings in Fair Isaac Co. (NYSE:FICO)

Alliancebernstein L.P. lessened its position in shares of Fair Isaac Co. (NYSE:FICO) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 318,952 shares of the technology company’s stock after selling 56,380 shares during the period. Alliancebernstein L.P. owned approximately 1.31% of Fair Isaac worth $635,011,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. Principal Financial Group Inc. increased its position in Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after purchasing an additional 1,977 shares in the last quarter. Cerity Partners LLC grew its stake in Fair Isaac by 98.8% during the third quarter. Cerity Partners LLC now owns 1,493 shares of the technology company’s stock worth $2,902,000 after buying an additional 742 shares during the period. D.A. Davidson & CO. grew its stake in Fair Isaac by 2.2% during the third quarter. D.A. Davidson & CO. now owns 615 shares of the technology company’s stock worth $1,195,000 after buying an additional 13 shares during the period. Glenmede Trust Co. NA acquired a new stake in shares of Fair Isaac in the third quarter worth $253,000. Finally, Public Sector Pension Investment Board raised its stake in shares of Fair Isaac by 10.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,042 shares of the technology company’s stock valued at $2,025,000 after acquiring an additional 100 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,834.32 on Monday. The firm has a market cap of $44.79 billion, a P/E ratio of 84.18, a P/E/G ratio of 3.27 and a beta of 1.41. The firm has a fifty day moving average of $1,828.54 and a two-hundred day moving average of $1,991.86. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.52.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data 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%. On average, sell-side analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Oppenheimer lowered their price target 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. Robert W. Baird decreased their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. started coverage on Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price on the stock. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the sale, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred 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 transaction, the chief financial officer now owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,241 shares of company stock worth $18,186,184 over the last ninety days. 3.46% of the stock is owned by insiders.

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.