Cresset Asset Management LLC Reduces Position in Fair Isaac Co. (NYSE:FICO)

Cresset Asset Management LLC decreased its stake in shares of Fair Isaac Co. (NYSE:FICO) by 47.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,135 shares of the technology company’s stock after selling 1,044 shares during the quarter. Cresset Asset Management LLC’s holdings in Fair Isaac were worth $2,260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. raised its position in Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after buying an additional 8 shares during the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of Fair Isaac in the fourth quarter worth $26,000. Berbice Capital Management LLC purchased a new position in shares of Fair Isaac during the fourth quarter worth $40,000. Avalon Trust Co acquired a new position in Fair Isaac during the fourth quarter valued at $40,000. Finally, OFI Invest Asset Management acquired a new stake in Fair Isaac during the 4th quarter worth about $42,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Thomas A. Bowers sold 4,077 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the sale, the executive vice president now directly owns 9,974 shares in the company, valued at approximately $20,517,016.70. This trade represents a 29.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William J. Lansing sold 4,092 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $72,801,401.22. The trade was a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,135 shares of company stock worth $31,505,623. 3.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FICO has been the topic of a number of recent research reports. Oppenheimer upped their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group dropped their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Barclays lowered their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. Robert W. Baird lifted their price objective on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Finally, Jefferies Financial Group lowered their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,268.54.

Fair Isaac Stock Down 0.8 %

Fair Isaac stock opened at $2,089.01 on Friday. The company has a fifty day simple moving average of $1,879.31 and a 200-day simple moving average of $1,980.37. The firm has a market capitalization of $50.85 billion, a price-to-earnings ratio of 95.87, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 52-week low of $1,266.72 and a 52-week high of $2,402.52.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.33 by $0.48. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The company had revenue of $498.74 million during the quarter, compared to analysts’ expectations of $500.45 million. During the same quarter in the prior year, the company earned $6.14 EPS. Fair Isaac’s revenue was up 15.0% compared to the same quarter last year. On average, research analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

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.