Fair Isaac Co. (NYSE:FICO) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division trimmed its holdings in Fair Isaac Co. (NYSE:FICO) by 59.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 350 shares of the technology company’s stock after selling 519 shares during the period. Central Pacific Bank Trust Division’s holdings in Fair Isaac were worth $697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First National Bank of Omaha acquired a new stake in shares of Fair Isaac in the third quarter worth approximately $1,576,000. National Bank of Canada FI boosted its holdings in shares of Fair Isaac by 51.9% in the 3rd 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. Swedbank AB boosted its holdings in shares of Fair Isaac by 11.5% in the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after purchasing an additional 1,013 shares during the last quarter. BNP Paribas purchased a new stake in shares of Fair Isaac during the 3rd quarter valued at $445,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of Fair Isaac by 86.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock worth $1,477,000 after buying an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the subject of a number of research reports. Robert W. Baird boosted their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. UBS Group began coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Barclays increased 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. Finally, Needham & Company LLC lifted their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and an average price target of $2,032.46.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,966.26 on Friday. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The business has a 50-day moving average of $2,184.06 and a 200-day moving average of $1,894.90. The company has a market capitalization of $47.87 billion, a PE ratio of 96.15, a P/E/G ratio of 4.05 and a beta of 1.36.

Insider Buying and Selling at Fair Isaac

In related news, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the completion of the transaction, the executive vice president now directly owns 48,895 shares in the company, valued at approximately $113,456,446.95. This trade represents a 6.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the sale, the director now owns 92 shares in the company, valued at $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,450 shares of company stock worth $30,985,908 in the last 90 days. 3.54% of the stock is owned by corporate insiders.

About Fair Isaac

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.