Voya Investment Management LLC Decreases Position in Fair Isaac Corporation $FICO

Voya Investment Management LLC lessened its position in Fair Isaac Corporation (NYSE:FICO) by 63.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,041 shares of the technology company’s stock after selling 24,056 shares during the period. Voya Investment Management LLC owned about 0.06% of Fair Isaac worth $21,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Edgewood Management LLC bought a new position in Fair Isaac in the 2nd quarter valued at approximately $612,785,000. Norges Bank bought a new position in shares of Fair Isaac during the second quarter valued at $365,831,000. Brown Advisory Inc. boosted its position in shares of Fair Isaac by 2,047.5% during the second quarter. Brown Advisory Inc. now owns 99,387 shares of the technology company’s stock valued at $181,676,000 after buying an additional 94,759 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Fair Isaac by 29.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock worth $584,193,000 after buying an additional 72,518 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Fair Isaac in the 2nd quarter worth about $85,183,000. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 1,426 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $5,075,240. This represents a 33.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William J. Lansing sold 2,400 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $1,732.88, for a total transaction of $4,158,912.00. Following the completion of the sale, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. This trade represents a 18.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 10,358 shares of company stock valued at $17,517,343. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,747.90 on Monday. The company has a market cap of $41.44 billion, a price-to-earnings ratio of 65.83, a PEG ratio of 1.94 and a beta of 1.29. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,217.60. The firm has a fifty day moving average price of $1,717.38 and a 200-day moving average price of $1,633.90.

Fair Isaac (NYSE:FICO) last announced its earnings results on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, topping analysts’ consensus estimates of $7.36 by $0.38. The company had revenue of $515.75 million for the quarter, compared to analysts’ expectations of $512.38 million. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.Fair Isaac’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the firm earned $6.54 EPS. Equities research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price target on shares of Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Wells Fargo & Company increased their price objective on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fair Isaac in a research report on Monday, December 15th. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Oppenheimer cut Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,076.77.

About Fair Isaac

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.