Highland Capital Management LLC Sells 19 Shares of Fair Isaac Co. (NYSE:FICO)

Highland Capital Management LLC decreased its stake in shares of Fair Isaac Co. (NYSE:FICO) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 728 shares of the technology company’s stock after selling 19 shares during the quarter. Highland Capital Management LLC’s holdings in Fair Isaac were worth $1,449,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FICO. First National Bank of Omaha purchased a new position in shares of Fair Isaac during the third quarter valued at about $1,576,000. National Bank of Canada FI increased its stake in 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 worth $38,514,000 after acquiring an additional 6,768 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in shares of Fair Isaac during the 4th quarter worth approximately $1,935,000. Swedbank AB boosted its position in shares of Fair Isaac by 11.5% during the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after acquiring an additional 1,013 shares during the last quarter. Finally, BNP Paribas purchased a new position in shares of Fair Isaac in the third quarter valued at $445,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on FICO shares. Needham & Company LLC increased their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Oppenheimer lowered their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group boosted their target price on Fair Isaac from $2,250.00 to $2,275.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $2,087.77.

Insider Activity

In related news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now directly owns 5,769 shares in the company, valued at $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Steven P. Weber sold 139 shares of the stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the transaction, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,589 shares of company stock valued at $31,258,963. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

Fair Isaac stock opened at $1,865.69 on Friday. The stock has a market cap of $45.43 billion, a price-to-earnings ratio of 91.23, a price-to-earnings-growth ratio of 3.46 and a beta of 1.40. The firm has a 50-day moving average of $2,080.30 and a two-hundred day moving average of $1,949.02. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51.

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.