Everpar Advisors LLC Has $450,000 Position in Fair Isaac Co. (NYSE:FICO)

Everpar Advisors LLC cut its position in Fair Isaac Co. (NYSE:FICO) by 6.5% during the 1st quarter, HoldingsChannel reports. The firm owned 244 shares of the technology company’s stock after selling 17 shares during the quarter. Everpar Advisors LLC’s holdings in Fair Isaac were worth $450,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Fair Isaac by 207.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,085 shares of the technology company’s stock worth $9,378,000 after purchasing an additional 3,433 shares during the period. Ipswich Investment Management Co. Inc. raised its holdings in Fair Isaac by 9.7% in the first quarter. Ipswich Investment Management Co. Inc. now owns 987 shares of the technology company’s stock worth $1,820,000 after purchasing an additional 87 shares during the period. Simon Quick Advisors LLC raised its holdings in Fair Isaac by 23.5% in the first quarter. Simon Quick Advisors LLC now owns 147 shares of the technology company’s stock worth $271,000 after purchasing an additional 28 shares during the period. CX Institutional acquired a new stake in Fair Isaac in the first quarter worth $701,000. Finally, Assenagon Asset Management S.A. raised its holdings in Fair Isaac by 173.0% in the first quarter. Assenagon Asset Management S.A. now owns 51,354 shares of the technology company’s stock worth $94,705,000 after purchasing an additional 32,544 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Trading Up 0.0%

Fair Isaac stock opened at $1,785.08 on Friday. The company has a market cap of $43.45 billion, a P/E ratio of 81.92, a price-to-earnings-growth ratio of 3.27 and a beta of 1.29. Fair Isaac Co. has a 1-year low of $1,365.00 and a 1-year high of $2,402.52. The company has a fifty day simple moving average of $1,892.30 and a 200 day simple moving average of $1,921.82.

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

Analysts Set New Price Targets

Several research firms have weighed in on FICO. Royal Bank of Canada upgraded shares of 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, February 26th. Oppenheimer raised their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Bank of America began coverage on shares of Fair Isaac in a report on Thursday, April 10th. They set a “buy” rating and a $2,800.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $2,575.00 price objective on shares of Fair Isaac in a report on Tuesday. Finally, Raymond James restated an “outperform” rating on shares of Fair Isaac in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,304.15.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 592 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total transaction of $1,284,841.28. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $91,453,786.92. The trade was a 1.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the sale, the executive vice president now owns 9,974 shares in the company, valued at $20,517,016.70. This represents a 29.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,851 shares of company stock valued at $40,543,770. 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.