Central Pacific Bank Trust Division Lowers Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Central Pacific Bank Trust Division cut its stake in shares of Fair Isaac Co. (NYSE:FICO) by 59.7% in the 4th quarter, according to the company in its most recent filing with the Securities & 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 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Fair Isaac by 0.5% during the third quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock worth $2,031,299,000 after purchasing an additional 5,472 shares during the last quarter. JPMorgan Chase & Co. raised its position in Fair Isaac by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock worth $1,308,460,000 after buying an additional 7,466 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Fair Isaac by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock worth $1,251,537,000 after acquiring an additional 6,510 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Fair Isaac by 189,461.6% in the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after acquiring an additional 538,071 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after acquiring an additional 1,977 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FICO shares. Oppenheimer raised their price objective on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Robert W. Baird raised their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Needham & Company LLC raised their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, UBS Group started coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,032.46.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,966.26 on Friday. The firm’s 50-day moving average is $2,184.06 and its two-hundred day moving average is $1,894.90. The company has a market capitalization of $47.87 billion, a PE ratio of 96.15, a price-to-earnings-growth ratio of 4.05 and a beta of 1.36. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.51.

Insider Activity at Fair Isaac

In other news, Director Marc F. Mcmorris sold 520 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the sale, the director now directly owns 242 shares in the company, valued at $520,921.94. This represents a 68.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James M. Wehmann sold 3,000 shares of Fair Isaac stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the sale, the executive vice president now owns 51,911 shares of the company’s stock, valued at approximately $113,954,508.09. This represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,450 shares of company stock valued at $30,985,908. 3.54% of the stock is owned by corporate insiders.

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.