Prudential Financial Inc. decreased its position in Fair Isaac Co. (NYSE:FICO – Get Rating) by 38.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,468 shares of the technology company's stock after selling 4,581 shares during the quarter. Prudential Financial Inc.'s holdings in Fair Isaac were worth $3,173,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Lazard Asset Management LLC grew its holdings in shares of Fair Isaac by 97.5% in the 2nd quarter. Lazard Asset Management LLC now owns 79 shares of the technology company's stock worth $31,000 after purchasing an additional 39 shares during the last quarter. Venture Visionary Partners LLC acquired a new position in Fair Isaac during the 2nd quarter worth about $47,000. Ellevest Inc. lifted its position in Fair Isaac by 195.9% during the 3rd quarter. Ellevest Inc. now owns 145 shares of the technology company's stock worth $60,000 after buying an additional 96 shares in the last quarter. Tobam acquired a new position in Fair Isaac during the 2nd quarter worth about $67,000. Finally, CWM LLC lifted its position in Fair Isaac by 59.3% during the 3rd quarter. CWM LLC now owns 180 shares of the technology company's stock worth $74,000 after buying an additional 67 shares in the last quarter. Institutional investors own 87.75% of the company's stock.
Get Fair Isaac alerts:Analysts Set New Price Targets
FICO has been the topic of several research reports. Royal Bank of Canada upped their price target on shares of Fair Isaac from $463.00 to $685.00 and gave the stock a "sector perform" rating in a research report on Friday, January 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Fair Isaac from $697.00 to $720.00 and gave the company a "buy" rating in a research report on Friday, January 27th. Robert W. Baird upped their target price on shares of Fair Isaac from $537.00 to $655.00 and gave the company a "neutral" rating in a research report on Friday, January 27th. Barclays upped their target price on shares of Fair Isaac from $575.00 to $700.00 and gave the company an "overweight" rating in a research report on Friday, December 2nd. Finally, StockNews.com downgraded shares of Fair Isaac from a "buy" rating to a "hold" rating in a research report on Sunday, November 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $727.43.
Insider Activity at Fair Isaac
In related news, Director Braden R. Kelly sold 461 shares of the stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $625.00, for a total transaction of $288,125.00. Following the completion of the sale, the director now directly owns 9,606 shares of the company's stock, valued at approximately $6,003,750. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Mark R. Scadina sold 13,793 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $601.28, for a total transaction of $8,293,455.04. Following the completion of the sale, the executive vice president now directly owns 19,186 shares of the company's stock, valued at approximately $11,536,158.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Braden R. Kelly sold 461 shares of the stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $625.00, for a total value of $288,125.00. Following the sale, the director now directly owns 9,606 shares of the company's stock, valued at $6,003,750. The disclosure for this sale can be found here. Insiders have sold 33,563 shares of company stock worth $20,960,664 in the last ninety days. Company insiders own 3.37% of the company's stock.Fair Isaac Price Performance
Shares of NYSE:FICO opened at $681.32 on Friday. The company has a market capitalization of $17.14 billion, a price-to-earnings ratio of 45.57 and a beta of 1.27. The firm's 50 day simple moving average is $619.22 and its 200 day simple moving average is $521.31. Fair Isaac Co. has a fifty-two week low of $340.48 and a fifty-two week high of $710.00.
Fair Isaac (NYSE:FICO – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The technology company reported $3.56 earnings per share for the quarter, meeting analysts' consensus estimates of $3.56. The business had revenue of $348.75 million for the quarter, compared to the consensus estimate of $355.10 million. Fair Isaac had a net margin of 27.59% and a negative return on equity of 47.61%. Equities research analysts expect that Fair Isaac Co. will post 16.2 earnings per share for the current year.
Fair Isaac Profile
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Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.
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