Moran Wealth Management LLC Has $15.82 Million Stake in Fair Isaac Co. (NYSE:FICO)

Moran Wealth Management LLC lowered its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 7,946 shares of the technology company’s stock after selling 258 shares during the quarter. Moran Wealth Management LLC’s holdings in Fair Isaac were worth $15,820,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FICO. Capital Performance Advisors LLP bought a new position in Fair Isaac in the third quarter valued at approximately $25,000. True Wealth Design LLC raised its holdings in shares of Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after acquiring an additional 18 shares during the period. Berbice Capital Management LLC bought a new stake in Fair Isaac in the 4th quarter valued at $40,000. OFI Invest Asset Management acquired a new position in Fair Isaac in the 4th quarter worth $42,000. Finally, Meeder Asset Management Inc. increased its holdings in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Marc F. Mcmorris sold 520 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the transaction, the director now directly owns 242 shares of the company’s stock, valued at $520,921.94. This represents a 68.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP James M. Wehmann sold 3,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the transaction, the executive vice president now owns 51,911 shares in the company, valued at $113,954,508.09. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,669 shares of company stock worth $18,821,383 over the last ninety days. Insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Fair Isaac stock opened at $1,835.64 on Monday. The stock has a 50-day simple moving average of $1,869.55 and a 200 day simple moving average of $1,982.96. The stock has a market capitalization of $44.82 billion, a P/E ratio of 84.24, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52.

Fair Isaac (NYSE:FICO) last issued 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%. Research analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Robert W. Baird reduced their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Jefferies Financial Group lowered their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company reduced their target price 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. Finally, Oppenheimer lowered their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

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.