CoreCap Advisors LLC Has $452,000 Stock Holdings in Fair Isaac Co. (NYSE:FICO)

CoreCap Advisors LLC reduced its position in Fair Isaac Co. (NYSE:FICO) by 64.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 227 shares of the technology company’s stock after selling 418 shares during the period. CoreCap Advisors LLC’s holdings in Fair Isaac were worth $452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FICO. Norges Bank acquired a new stake in Fair Isaac during the 4th quarter worth $442,369,000. Wealthfront Advisers LLC grew its stake in shares of Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock worth $292,728,000 after purchasing an additional 144,266 shares during the period. Proficio Capital Partners LLC bought a new stake in Fair Isaac in the fourth quarter valued at about $261,610,000. Arrowstreet Capital Limited Partnership lifted its stake in Fair Isaac by 376.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock valued at $321,790,000 after buying an additional 127,679 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Fair Isaac during the fourth quarter worth about $199,441,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $2,089.01 on Friday. The firm has a market cap of $50.85 billion, a price-to-earnings ratio of 95.87, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a one year low of $1,266.72 and a one year high of $2,402.52. The stock’s 50-day moving average is $1,879.31 and its 200-day moving average is $1,980.24.

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Robert W. Baird upped their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. UBS Group cut their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Barclays decreased their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a report on Friday, April 4th. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Finally, Raymond James boosted their target price on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,268.54.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the transaction, the executive vice president now directly owns 9,974 shares in the company, valued at $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 available through this link. Also, CEO William J. Lansing sold 4,092 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. This represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,135 shares of company stock valued at $31,505,623. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Company 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.