State of Alaska Department of Revenue Sells 11,375 Shares of Fair Isaac Co. (NYSE:FICO)

State of Alaska Department of Revenue lowered its stake in Fair Isaac Co. (NYSE:FICO) by 80.4% in the fourth quarter, Holdings Channel reports. The fund owned 2,776 shares of the technology company’s stock after selling 11,375 shares during the quarter. State of Alaska Department of Revenue’s holdings in Fair Isaac were worth $5,526,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FICO. E. Ohman J or Asset Management AB lifted its stake in Fair Isaac by 3.2% in the 4th quarter. E. Ohman J or Asset Management AB now owns 1,120 shares of the technology company’s stock valued at $2,230,000 after purchasing an additional 35 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Fair Isaac by 5.2% in the 4th quarter. Mather Group LLC. now owns 122 shares of the technology company’s stock valued at $243,000 after acquiring an additional 6 shares during the last quarter. Trust Point Inc. boosted its holdings in shares of Fair Isaac by 15.7% during the 4th quarter. Trust Point Inc. now owns 192 shares of the technology company’s stock valued at $382,000 after acquiring an additional 26 shares in the last quarter. Jennison Associates LLC grew its position in Fair Isaac by 5.4% during the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company’s stock worth $506,257,000 after acquiring an additional 13,133 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in Fair Isaac by 2.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock worth $609,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FICO. Oppenheimer cut their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company reduced their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday. Robert W. Baird decreased their price target on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday. The Goldman Sachs Group lifted their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,078.15.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,858.97 on Friday. The business’s 50-day moving average is $2,018.44 and its 200-day moving average is $1,959.32. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The company has a market capitalization of $45.43 billion, a price-to-earnings ratio of 90.90, a P/E/G ratio of 3.45 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 59.47% and a net margin of 29.86%. Analysts anticipate that Fair Isaac Co. will post 24.88 EPS for the current year.

Insider Activity

In other news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now directly owns 92 shares of the company’s stock, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,589 shares of company stock worth $31,258,963. Company insiders own 3.46% of the company’s stock.

About Fair Isaac

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.