T. Rowe Price Investment Management Inc. Sells 54,063 Shares of Fair Isaac Co. (NYSE:FICO)

T. Rowe Price Investment Management Inc. decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 14.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 319,208 shares of the technology company’s stock after selling 54,063 shares during the period. T. Rowe Price Investment Management Inc. owned 1.31% of Fair Isaac worth $635,521,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FICO. Rakuten Securities Inc. increased its holdings in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after buying an additional 8 shares during the period. Pinnacle Holdings LLC bought a new stake in Fair Isaac during the 4th quarter valued at $26,000. Berbice Capital Management LLC purchased a new position in shares of Fair Isaac in the 4th quarter valued at $40,000. Avalon Trust Co bought a new position in shares of Fair Isaac in the 4th quarter worth $40,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Fair Isaac during the 4th quarter worth $42,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO opened at $1,875.18 on Wednesday. The company’s fifty day moving average price is $1,823.87 and its 200-day moving average price is $1,980.17. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.52. The firm has a market capitalization of $45.79 billion, a PE ratio of 86.06, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. As a group, research analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analysts Set New Price Targets

FICO has been the topic of several analyst reports. Jefferies Financial Group cut their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Barclays lowered their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Oppenheimer decreased their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company cut their price target 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, February 5th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,210.23.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the sale, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 13,058 shares of company stock worth $23,119,030. 3.46% of the stock is owned by company insiders.

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.