Fair Isaac Co. (NYSE:FICO) Stock Position Reduced by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its stake in Fair Isaac Co. (NYSE:FICO) by 3.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,446 shares of the technology company’s stock after selling 175 shares during the quarter. Retirement Systems of Alabama’s holdings in Fair Isaac were worth $6,339,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Fair Isaac by 1.0% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 457,738 shares of the technology company’s stock worth $397,560,000 after acquiring an additional 4,584 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Fair Isaac by 112,366.2% during the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock worth $464,737,000 after purchasing an additional 398,900 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Fair Isaac by 39.6% during the 3rd quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock valued at $318,633,000 after buying an additional 104,161 shares during the last quarter. Invesco Ltd. grew its stake in shares of Fair Isaac by 13.6% in the 3rd quarter. Invesco Ltd. now owns 359,549 shares of the technology company’s stock valued at $312,279,000 after buying an additional 42,998 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Fair Isaac by 2.0% in the third quarter. Northern Trust Corp now owns 271,382 shares of the technology company’s stock worth $235,703,000 after buying an additional 5,228 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Up 2.4 %

Shares of NYSE:FICO opened at $1,193.01 on Friday. The company has a market cap of $29.48 billion, a price-to-earnings ratio of 62.63, a PEG ratio of 3.14 and a beta of 1.24. The business has a 50 day moving average price of $1,226.09 and a 200 day moving average price of $1,158.28. Fair Isaac Co. has a twelve month low of $729.54 and a twelve month high of $1,349.75.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $1,259.91, for a total value of $10,079,280.00. Following the sale, the chief executive officer now owns 28,638 shares in the company, valued at $36,081,302.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 24,000 shares of company stock worth $29,011,120 over the last three months. 3.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on FICO shares. Jefferies Financial Group boosted their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1,350.00 price objective on shares of Fair Isaac in a report on Friday, January 26th. Needham & Company LLC restated a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a report on Monday, April 22nd. Raymond James boosted their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Redburn Atlantic initiated coverage on Fair Isaac in a report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $1,224.40.

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.