IFP Advisors Inc Sells 18 Shares of Fair Isaac Co. (NYSE:FICO)

IFP Advisors Inc trimmed its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 6.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 273 shares of the technology company’s stock after selling 18 shares during the quarter. IFP Advisors Inc’s holdings in Fair Isaac were worth $543,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Covestor Ltd raised its stake in shares of Fair Isaac by 30.0% during the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after buying an additional 6 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. Mechanics Bank Trust Department increased its stake in Fair Isaac by 5.7% in the fourth quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock valued at $223,000 after purchasing an additional 6 shares in the last quarter. Alpha Cubed Investments LLC increased its stake in Fair Isaac by 1.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock valued at $942,000 after purchasing an additional 6 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its stake in Fair Isaac by 2.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock valued at $609,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on FICO. 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 for the company in a research note on Wednesday, February 5th. Oppenheimer lowered their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $2,040.00 to $2,170.00 in a research note on Wednesday. The Goldman Sachs Group upped their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company reduced their price target on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,088.15.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the sale, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the sale, the executive vice president now directly owns 45,395 shares in the company, valued at $107,760,920.75. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,170 shares of company stock valued at $27,132,248. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Trading Up 2.6 %

Shares of FICO opened at $1,884.63 on Friday. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.52. The firm has a fifty day simple moving average of $1,892.09 and a 200 day simple moving average of $1,976.67. The stock has a market capitalization of $46.02 billion, a price-to-earnings ratio of 86.49, a PEG ratio of 3.27 and a beta of 1.39.

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

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.