Summit Investment Advisors Inc. Sells 6 Shares of Fair Isaac Co. (NYSE:FICO)

Summit Investment Advisors Inc. reduced its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,337 shares of the technology company’s stock after selling 6 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Fair Isaac were worth $2,662,000 at the end of the most recent reporting period.

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

Fair Isaac Trading Up 2.3 %

Shares of Fair Isaac stock opened at $1,932.32 on Tuesday. The company’s 50-day moving average price is $1,816.47 and its 200-day moving average price is $1,982.21. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52. The company has a market cap of $47.18 billion, a price-to-earnings ratio of 88.68, a PEG ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO) last announced its quarterly 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 net margin of 30.66% and a negative return on equity of 53.40%. On average, sell-side analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FICO. Oppenheimer dropped their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. UBS Group decreased their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Robert W. Baird reduced their target price on shares of 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. Finally, Jefferies Financial Group lowered their price target 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. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,131.86.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value 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 $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 13,058 shares of company stock worth $23,119,030 over the last ninety days. 3.46% of the stock is owned by corporate insiders.

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.