Retirement Systems of Alabama Has $10.48 Million Stake in Fair Isaac Co. (NYSE:FICO)

Retirement Systems of Alabama reduced its position in Fair Isaac Co. (NYSE:FICO) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,390 shares of the technology company’s stock after selling 61 shares during the quarter. Retirement Systems of Alabama’s holdings in Fair Isaac were worth $10,476,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in Fair Isaac by 189,461.6% in the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after buying an additional 538,071 shares during the period. AustralianSuper Pty Ltd lifted its position in shares of Fair Isaac by 1,270.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock valued at $142,413,000 after acquiring an additional 67,931 shares during the period. FMR LLC boosted its stake in Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after acquiring an additional 65,297 shares in the last quarter. Jennison Associates LLC grew its holdings in Fair Isaac by 35.1% in the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock worth $468,677,000 after purchasing an additional 62,653 shares during the period. Finally, Sei Investments Co. increased its stake in Fair Isaac by 231.8% in the second quarter. Sei Investments Co. now owns 69,127 shares of the technology company’s stock valued at $102,908,000 after purchasing an additional 48,294 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In other news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the transaction, the director now owns 92 shares in the company, valued at approximately $215,146.60. This represents a 73.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the completion of the sale, the executive vice president now owns 48,895 shares in the company, valued at $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,930 shares of company stock worth $29,866,572 in the last quarter. Insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the subject of several research reports. UBS Group initiated coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Barclays lifted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird increased their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2,022.67.

Fair Isaac Stock Performance

NYSE FICO opened at $2,170.24 on Tuesday. The company has a market capitalization of $52.84 billion, a PE ratio of 106.12, a price-to-earnings-growth ratio of 4.05 and a beta of 1.36. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The company has a 50-day simple moving average of $2,175.17 and a 200 day simple moving average of $1,832.74.

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.