Fair Isaac Co. (NYSE:FICO) Shares Sold by Field & Main Bank

Field & Main Bank lessened its stake in shares of Fair Isaac Co. (NYSE:FICO) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,700 shares of the technology company’s stock after selling 122 shares during the period. Field & Main Bank’s holdings in Fair Isaac were worth $1,979,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. McGlone Suttner Wealth Management Inc. acquired a new position in Fair Isaac in the 4th quarter worth approximately $35,000. Headlands Technologies LLC purchased a new position in shares of Fair Isaac during the third quarter valued at $42,000. Assetmark Inc. acquired a new position in Fair Isaac during the third quarter valued at $44,000. KB Financial Partners LLC boosted its position in Fair Isaac by 26.2% during the 3rd quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after acquiring an additional 11 shares during the period. Finally, Operose Advisors LLC purchased a new position in Fair Isaac during the 3rd quarter valued at about $50,000. 85.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FICO shares. Redburn Atlantic began coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target for the company. Barclays raised their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Raymond James increased their price objective on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a research note on Friday, January 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,224.40.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 8,000 shares of the business’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 approximately $36,081,302.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 24,000 shares of company stock worth $29,011,120 in the last 90 days. 3.54% of the stock is owned by company insiders.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded up $33.79 during midday trading on Monday, reaching $1,144.64. 323,164 shares of the company’s stock were exchanged, compared to its average volume of 173,923. The firm has a market capitalization of $28.28 billion, a PE ratio of 60.09, a price-to-earnings-growth ratio of 2.46 and a beta of 1.21. The company’s 50 day simple moving average is $1,235.03 and its two-hundred day simple moving average is $1,154.52. Fair Isaac Co. has a 12 month low of $714.63 and a 12 month high of $1,349.75.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.11. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. The company had revenue of $382.06 million for the quarter, compared to the consensus estimate of $386.55 million. On average, research analysts anticipate that Fair Isaac Co. will post 19.93 earnings per share for the current year.

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.