Wells Fargo & Company MN Lowers Stake in Fair Isaac Co. (NYSE:FICO)

Wells Fargo & Company MN decreased its position in shares of Fair Isaac Co. (NYSE:FICO) by 33.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 67,454 shares of the technology company’s stock after selling 34,532 shares during the quarter. Wells Fargo & Company MN’s holdings in Fair Isaac were worth $134,294,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First National Bank of Omaha acquired a new position in Fair Isaac in the 3rd quarter valued at $1,576,000. National Bank of Canada FI increased its stake in Fair Isaac by 51.9% in the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock valued at $38,514,000 after purchasing an additional 6,768 shares during the last quarter. Donoghue Forlines LLC acquired a new position in Fair Isaac in the fourth quarter valued at $1,935,000. Czech National Bank boosted its stake in Fair Isaac by 5.7% in the 4th quarter. Czech National Bank now owns 5,280 shares of the technology company’s stock worth $10,512,000 after buying an additional 286 shares during the last quarter. Finally, Barclays PLC boosted its stake in Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company’s stock worth $117,624,000 after buying an additional 12,038 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,681.51 on Monday. The business’s 50-day simple moving average is $1,823.53 and its 200 day simple moving average is $1,989.53. The company has a market cap of $41.06 billion, a P/E ratio of 77.17, a PEG ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.52.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FICO shares. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Wells Fargo & Company decreased 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. Barclays dropped their price objective on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a report on Friday. Oppenheimer reduced their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,080.46.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at $76,026,643.74. This represents a 12.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,241 shares of company stock worth $18,186,184 in the last quarter. 3.46% of the stock is owned by corporate 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.