Teachers Retirement System of The State of Kentucky Sells 134 Shares of Fair Isaac Co. (NYSE:FICO)

Teachers Retirement System of The State of Kentucky lessened its holdings in Fair Isaac Co. (NYSE:FICO) by 6.8% in the third quarter, Holdings Channel reports. The institutional investor owned 1,845 shares of the technology company’s stock after selling 134 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Fair Isaac were worth $3,586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FICO. Wealth Enhancement Advisory Services LLC increased its position in Fair Isaac by 24.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,419 shares of the technology company’s stock valued at $2,112,000 after purchasing an additional 280 shares during the period. Swedbank AB increased its position in Fair Isaac by 0.4% during the 2nd quarter. Swedbank AB now owns 8,809 shares of the technology company’s stock valued at $13,114,000 after purchasing an additional 37 shares during the period. Assenagon Asset Management S.A. increased its position in Fair Isaac by 33.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,559 shares of the technology company’s stock valued at $2,321,000 after purchasing an additional 389 shares during the period. Miracle Mile Advisors LLC acquired a new stake in Fair Isaac during the 2nd quarter valued at approximately $325,000. Finally, Blue Trust Inc. increased its position in Fair Isaac by 135.9% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the technology company’s stock valued at $323,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

FICO opened at $2,162.80 on Friday. The company has a market capitalization of $52.66 billion, a price-to-earnings ratio of 105.76, a P/E/G ratio of 4.05 and a beta of 1.36. The firm’s fifty day moving average price is $2,170.83 and its two-hundred day moving average price is $1,820.30. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays raised their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, 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. Four 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, the stock has an average rating of “Moderate Buy” and an average price target of $2,022.67.

Insiders Place Their Bets

In related news, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the transaction, the executive vice president now directly owns 45,395 shares of the company’s stock, valued at approximately $107,760,920.75. The trade was a 7.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,930 shares of company stock valued at $23,281,002 in the last three months. 3.54% of the stock is currently owned by insiders.

Fair Isaac Company 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.