Fair Isaac Corporation $FICO Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in shares of Fair Isaac Corporation (NYSE:FICO) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,527 shares of the technology company’s stock after selling 713 shares during the quarter. Nordea Investment Management AB owned approximately 0.11% of Fair Isaac worth $41,757,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of FICO. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Fair Isaac by 111.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,947 shares of the technology company’s stock worth $2,914,000 after purchasing an additional 1,027 shares during the last quarter. Lederer & Associates Investment Counsel CA acquired a new stake in Fair Isaac in the 3rd quarter worth about $1,166,000. Meeder Asset Management Inc. grew its holdings in Fair Isaac by 66.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 8 shares during the period. Citizens Financial Group Inc. RI increased its stake in shares of Fair Isaac by 32.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 169 shares of the technology company’s stock valued at $253,000 after acquiring an additional 41 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Fair Isaac during the 3rd quarter worth about $1,258,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Trading Down 0.4%

Shares of NYSE FICO opened at $1,615.95 on Thursday. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,217.60. The company has a market cap of $38.40 billion, a P/E ratio of 60.86, a P/E/G ratio of 1.76 and a beta of 1.30. The stock has a fifty day moving average price of $1,735.48 and a 200 day moving average price of $1,618.77.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, topping analysts’ consensus estimates of $7.36 by $0.38. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The company had revenue of $515.75 million for the quarter, compared to analysts’ expectations of $512.38 million. During the same quarter in the previous year, the firm posted $6.54 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. On average, sell-side analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,426 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total value of $2,581,060.00. Following the completion of the transaction, the chief financial officer directly owned 2,804 shares of the company’s stock, valued at $5,075,240. This represents a 33.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total value of $951,257.43. Following the sale, the director owned 344 shares of the company’s stock, valued at $628,085.52. This represents a 60.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,347 shares of company stock valued at $7,691,229 over the last 90 days. 3.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Wells Fargo & Company increased their target price on Fair Isaac from $2,400.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $1,950.00 price target on shares of Fair Isaac in a research report on Thursday, October 2nd. Finally, Zacks Research downgraded Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,084.46.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.