Fair Isaac Co. (NYSE:FICO) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in shares of Fair Isaac Co. (NYSE:FICO) by 7.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,971 shares of the technology company’s stock after selling 1,515 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.08% of Fair Isaac worth $23,704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FICO. International Assets Investment Management LLC lifted its position in Fair Isaac by 112,366.2% in the fourth quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock valued at $464,737,000 after buying an additional 398,900 shares during the last quarter. Norges Bank acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $259,509,000. American Century Companies Inc. boosted its position in Fair Isaac by 39.6% in the 3rd quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock valued at $318,633,000 after buying an additional 104,161 shares during the period. Putnam Investments LLC grew its stake in shares of Fair Isaac by 111.3% in the fourth quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock worth $177,975,000 after acquiring an additional 80,530 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Fair Isaac by 191.0% during the third quarter. Schroder Investment Management Group now owns 111,635 shares of the technology company’s stock worth $96,958,000 after acquiring an additional 73,267 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 12,638 shares in the company, valued at approximately $14,414,270.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Joanna Rees sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the transaction, the director now directly owns 21,118 shares of the company’s stock, valued at approximately $26,503,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,638 shares in the company, valued at approximately $14,414,270.90. The disclosure for this sale can be found here. Insiders sold a total of 24,014 shares of company stock valued at $31,012,918 over the last quarter. Company insiders own 3.54% of the company’s stock.

Fair Isaac Trading Down 0.3 %

NYSE:FICO traded down $3.90 during mid-day trading on Wednesday, reaching $1,525.48. 71,820 shares of the stock were exchanged, compared to its average volume of 181,769. Fair Isaac Co. has a 1-year low of $776.63 and a 1-year high of $1,541.37. The firm has a market capitalization of $37.69 billion, a PE ratio of 80.28, a PEG ratio of 4.01 and a beta of 1.34. The business has a fifty day moving average price of $1,339.18 and a 200 day moving average price of $1,268.41.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, topping the consensus estimate of $4.89 by $0.20. The business had revenue of $433.81 million during the quarter, compared to analyst estimates of $425.94 million. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. On average, sell-side analysts forecast that Fair Isaac Co. will post 19.75 earnings per share for the current year.

Analysts Set New Price Targets

FICO has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price objective on shares of Fair Isaac in a research report on Tuesday, June 11th. Redburn Atlantic assumed coverage on Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 target price on the stock. Finally, Raymond James lifted their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,274.33.

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.