Fair Isaac Co. (NYSE:FICO) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC reduced its position in shares of Fair Isaac Co. (NYSE:FICO) by 48.5% during the fourth quarter, HoldingsChannel reports. The firm owned 139 shares of the technology company’s stock after selling 131 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Fair Isaac were worth $277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FICO. Private Advisor Group LLC boosted its holdings in Fair Isaac by 3.2% in the third quarter. Private Advisor Group LLC now owns 552 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 17 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Fair Isaac in the 3rd quarter valued at approximately $282,000. J.W. Cole Advisors Inc. boosted its stake in shares of Fair Isaac by 82.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 314 shares of the technology company’s stock valued at $610,000 after buying an additional 142 shares during the last quarter. abrdn plc grew its position in shares of Fair Isaac by 18.7% during the third quarter. abrdn plc now owns 7,868 shares of the technology company’s stock worth $15,188,000 after buying an additional 1,241 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its stake in shares of Fair Isaac by 4.8% in the third quarter. Diversify Advisory Services LLC now owns 391 shares of the technology company’s stock worth $793,000 after buying an additional 18 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fair Isaac

In other news, EVP James M. Wehmann sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the completion of the transaction, the executive vice president now directly owns 51,911 shares in the company, valued at $113,954,508.09. This trade represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,170 shares of company stock worth $27,132,248. Company insiders own 3.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FICO shares. Barclays increased their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a report on Wednesday, February 5th. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $2,040.00 to $2,170.00 in a report on Wednesday. Finally, UBS Group lowered their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

Fair Isaac Stock Performance

FICO stock opened at $1,834.84 on Friday. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The stock has a market capitalization of $44.80 billion, a price-to-earnings ratio of 84.21, a PEG ratio of 3.27 and a beta of 1.39. The stock’s fifty day moving average is $1,896.21 and its two-hundred day moving average is $1,975.52.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. As a group, analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

About Fair Isaac

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.