Fair Isaac Co. (NYSE:FICO) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in Fair Isaac Co. (NYSE:FICO) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,087 shares of the technology company’s stock after selling 1,755 shares during the period. California Public Employees Retirement System owned about 0.19% of Fair Isaac worth $54,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions 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 shares were 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 approximately $14,414,270.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 24,000 shares of company stock valued at $29,011,120 in the last 90 days. 3.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Redburn Atlantic assumed 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. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price target on shares of Fair Isaac in a research report on Monday. Barclays raised their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Jefferies Financial Group increased their price target on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $1,350.00 target price on shares of Fair Isaac in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,180.45.

Fair Isaac Stock Performance

Fair Isaac stock opened at $1,193.66 on Friday. Fair Isaac Co. has a one year low of $708.00 and a one year high of $1,349.75. The business has a fifty day moving average of $1,241.19 and a two-hundred day moving average of $1,147.65. The company has a market cap of $29.66 billion, a P/E ratio of 66.72, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 57.80% and a net margin of 29.20%. Sell-side analysts predict that Fair Isaac Co. will post 19.93 EPS for the current 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.