Fair Isaac Co. (NYSE:FICO) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in shares of Fair Isaac Co. (NYSE:FICO) by 5.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 24,961 shares of the technology company’s stock after selling 1,373 shares during the quarter. Nordea Investment Management AB owned about 0.10% of Fair Isaac worth $50,049,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FICO. Heritage Family Offices LLP lifted its holdings in shares of Fair Isaac by 2.0% during the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after purchasing an additional 5 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Fair Isaac by 5.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock valued at $216,000 after acquiring an additional 6 shares during the period. Moss Adams Wealth Advisors LLC lifted its stake in Fair Isaac by 4.0% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after buying an additional 6 shares in the last quarter. Covestor Ltd lifted its position in shares of Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after acquiring an additional 6 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of Fair Isaac by 37.5% during 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 in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thomas A. Bowers sold 2,680 shares of the firm’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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the sale, the executive vice president now directly owns 48,895 shares in the company, valued at $113,456,446.95. This represents a 6.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,450 shares of company stock valued at $30,985,908. Company insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,936.87 on Wednesday. The company has a 50-day moving average of $2,181.82 and a two-hundred day moving average of $1,909.01. The firm has a market cap of $47.16 billion, a PE ratio of 94.71, a price-to-earnings-growth ratio of 4.00 and a beta of 1.36. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Oppenheimer dropped their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday. Barclays increased their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. started coverage on Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,024.31.

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.