Wells Fargo & Company MN reduced its position in Fair Isaac Corporation (NYSE:FICO) by 4.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,084 shares of the technology company’s stock after selling 2,417 shares during the quarter. Wells Fargo & Company MN owned approximately 0.18% of Fair Isaac Corporation worth $7,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Fair Isaac Corporation by 23,429.3% in the first quarter. BlackRock Inc. now owns 3,195,752 shares of the technology company’s stock worth $412,092,000 after buying an additional 3,182,170 shares during the last quarter. Vanguard Group Inc. increased its position in Fair Isaac Corporation by 4.9% in the first quarter. Vanguard Group Inc. now owns 2,536,044 shares of the technology company’s stock worth $327,023,000 after buying an additional 117,846 shares during the last quarter. State Street Corp increased its position in Fair Isaac Corporation by 2.5% in the first quarter. State Street Corp now owns 993,200 shares of the technology company’s stock worth $128,076,000 after buying an additional 24,396 shares during the last quarter. Wellington Management Group LLP increased its position in Fair Isaac Corporation by 8.8% in the first quarter. Wellington Management Group LLP now owns 633,640 shares of the technology company’s stock worth $81,708,000 after buying an additional 51,008 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Fair Isaac Corporation by 13.5% in the second quarter. Bank of New York Mellon Corp now owns 494,606 shares of the technology company’s stock worth $68,952,000 after buying an additional 58,786 shares during the last quarter. 88.17% of the stock is owned by institutional investors and hedge funds.

In other news, Director David A. Rey sold 2,660 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $140.47, for a total value of $373,650.20. Following the completion of the sale, the director now directly owns 11,034 shares in the company, valued at approximately $1,549,945.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Rey sold 7,340 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $140.25, for a total value of $1,029,435.00. Following the completion of the sale, the director now owns 15,714 shares of the company’s stock, valued at $2,203,888.50. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

WARNING: “Wells Fargo & Company MN Sells 2,417 Shares of Fair Isaac Corporation (FICO)” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/wells-fargo-company-mn-sells-2417-shares-of-fair-isaac-corporation-fico/1616894.html.

A number of analysts have issued reports on FICO shares. BidaskClub raised Fair Isaac Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Wells Fargo & Company lifted their price target on Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd.

Fair Isaac Corporation (FICO) opened at 143.96 on Friday. Fair Isaac Corporation has a 12 month low of $109.77 and a 12 month high of $147.02. The stock has a 50 day moving average price of $139.59 and a 200 day moving average price of $136.49. The stock has a market capitalization of $4.41 billion, a PE ratio of 38.60 and a beta of 1.21.

Fair Isaac Corporation (NYSE:FICO) last posted its quarterly earnings data on Monday, July 31st. The technology company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). The company had revenue of $231.00 million during the quarter, compared to analysts’ expectations of $237.07 million. Fair Isaac Corporation had a return on equity of 27.84% and a net margin of 13.15%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the company earned $1.45 earnings per share. On average, equities research analysts forecast that Fair Isaac Corporation will post $4.94 earnings per share for the current fiscal year.

About Fair Isaac Corporation

Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.

Institutional Ownership by Quarter for Fair Isaac Corporation (NYSE:FICO)

Receive News & Ratings for Fair Isaac Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fair Isaac Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.