Great Lakes Retirement Inc. Sells 67 Shares of Fair Isaac Co. (NYSE:FICO)

Great Lakes Retirement Inc. cut its holdings in Fair Isaac Co. (NYSE:FICO) by 21.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 244 shares of the technology company’s stock after selling 67 shares during the period. Great Lakes Retirement Inc.’s holdings in Fair Isaac were worth $284,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Fair Isaac by 48.9% during the first quarter. Geode Capital Management LLC now owns 577,240 shares of the technology company’s stock worth $405,140,000 after purchasing an additional 189,562 shares during the last quarter. State Street Corp grew its holdings in Fair Isaac by 20.3% in the 1st quarter. State Street Corp now owns 996,863 shares of the technology company’s stock worth $700,484,000 after acquiring an additional 168,468 shares during the last quarter. Norges Bank purchased a new position in Fair Isaac during the 4th quarter valued at about $100,563,000. American Century Companies Inc. raised its holdings in shares of Fair Isaac by 39.6% during the third quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock valued at $318,633,000 after acquiring an additional 104,161 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Fair Isaac by 25.0% in the fourth quarter. Morgan Stanley now owns 449,919 shares of the technology company’s stock worth $269,313,000 after acquiring an additional 89,888 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Trading Down 0.8 %

Shares of FICO stock opened at $1,248.66 on Friday. The stock has a market capitalization of $31.03 billion, a price-to-earnings ratio of 69.80, a price-to-earnings-growth ratio of 3.69 and a beta of 1.22. Fair Isaac Co. has a 12-month low of $664.41 and a 12-month high of $1,349.75. The stock’s 50-day moving average price is $1,268.75 and its 200-day moving average price is $1,104.30.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.11. The business had revenue of $382.06 million during the quarter, compared to analyst estimates of $386.55 million. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. As a group, research analysts predict that Fair Isaac Co. will post 20.01 EPS for the current fiscal year.

Insider Activity

In other news, Director Eva Manolis sold 5,128 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $1,127.62, for a total transaction of $5,782,435.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Steven P. Weber sold 136 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $1,159.66, for a total transaction of $157,713.76. Following the transaction, the chief financial officer now owns 1,935 shares of the company’s stock, valued at approximately $2,243,942.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eva Manolis sold 5,128 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $1,127.62, for a total transaction of $5,782,435.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,264 shares of company stock valued at $25,826,869. 3.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on FICO shares. Needham & Company LLC upped their target price on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Barclays boosted 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. The Goldman Sachs Group increased their price target on shares of Fair Isaac from $1,156.00 to $1,289.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Raymond James boosted their price objective on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, Jefferies Financial Group raised their target price 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,187.20.

Fair Isaac Company 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.