New York State Common Retirement Fund Has $25.61 Million Stock Position in Fair Isaac Co. (NYSE:FICO)

New York State Common Retirement Fund trimmed its stake in shares of Fair Isaac Co. (NYSE:FICO) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,861 shares of the technology company’s stock after selling 1,000 shares during the quarter. New York State Common Retirement Fund owned 0.05% of Fair Isaac worth $25,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in FICO. State Street Corp raised its stake in shares of Fair Isaac by 0.5% in the third quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock valued at $2,031,299,000 after acquiring an additional 5,472 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock valued at $1,308,460,000 after acquiring an additional 7,466 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Fair Isaac by 1.0% in the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock valued at $1,251,537,000 after acquiring an additional 6,510 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after acquiring an additional 1,977 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Fair Isaac by 5.4% in the fourth quarter. Jennison Associates LLC now owns 254,282 shares of the technology company’s stock valued at $506,257,000 after acquiring an additional 13,133 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FICO shares. Needham & Company LLC restated a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research report on Wednesday, February 5th. Robert W. Baird dropped their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. started coverage on shares of Fair Isaac in a research report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective for the company. Oppenheimer dropped their price objective 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 dropped their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2,078.15.

Fair Isaac Stock Performance

FICO opened at $1,697.04 on Friday. The company has a fifty day moving average price of $1,919.33 and a two-hundred day moving average price of $1,972.35. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.51. The firm has a market capitalization of $41.44 billion, a PE ratio of 77.88, a P/E/G ratio of 3.33 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last released its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. Equities analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Activity

In other news, Director Marc F. Mcmorris sold 520 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the completion of the transaction, the director now owns 242 shares of the company’s stock, valued at $520,921.94. The trade was a 68.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the completion of the transaction, the executive vice president now directly owns 45,395 shares of the company’s stock, valued at $107,760,920.75. This trade represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,170 shares of company stock valued at $27,132,248 in the last quarter. Company insiders own 3.46% of the company’s stock.

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.