Kentucky Retirement Systems Sells 23 Shares of Fair Isaac Co. (NYSE:FICO)

Kentucky Retirement Systems lowered its stake in shares of Fair Isaac Co. (NYSE:FICO) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,685 shares of the technology company’s stock after selling 23 shares during the period. Kentucky Retirement Systems’ holdings in Fair Isaac were worth $3,355,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd boosted its stake in shares of Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after purchasing an additional 6 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the last quarter. Mechanics Bank Trust Department grew its stake in shares of Fair Isaac by 5.7% during the fourth quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock valued at $223,000 after buying an additional 6 shares during the last quarter. Alpha Cubed Investments LLC grew its stake in shares of Fair Isaac by 1.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock valued at $942,000 after buying an additional 6 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in shares of Fair Isaac by 2.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock worth $609,000 after buying an additional 6 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 1.7 %

Shares of FICO opened at $1,697.04 on Friday. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The firm has a market capitalization of $41.44 billion, a price-to-earnings ratio of 77.88, a PEG ratio of 3.33 and a beta of 1.39. The firm’s 50-day moving average price is $1,919.33 and its 200-day moving average price is $1,972.35.

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

Insider Buying and Selling

In related news, EVP James M. Wehmann sold 3,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total transaction of $6,585,570.00. Following the sale, the executive vice president now owns 51,911 shares of the company’s stock, valued at $113,954,508.09. The trade was a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 13,170 shares of company stock valued at $27,132,248 over the last ninety days. Company insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FICO shares. Oppenheimer reduced their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Barclays lifted their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group cut their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Robert W. Baird lowered 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 note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,078.15.

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.