Verdence Capital Advisors LLC Has $439,000 Stock Position in Fair Isaac Co. (NYSE:FICO)

Verdence Capital Advisors LLC lessened its position in shares of Fair Isaac Co. (NYSE:FICO) by 63.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377 shares of the technology company’s stock after selling 656 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Fair Isaac were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Fair Isaac in the 4th quarter worth approximately $35,000. Headlands Technologies LLC bought a new stake in shares of Fair Isaac during the third quarter worth $42,000. Assetmark Inc. acquired a new stake in shares of Fair Isaac in the third quarter valued at $44,000. KB Financial Partners LLC raised its holdings in shares of Fair Isaac by 26.2% in the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock valued at $46,000 after buying an additional 11 shares during the last quarter. Finally, Operose Advisors LLC acquired a new position in Fair Isaac during the 3rd quarter worth about $50,000. 85.75% of the stock is currently owned by institutional investors.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the sale, the chief executive officer now owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 24,000 shares of company stock valued at $29,011,120 over the last three months. Company insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

NYSE FICO opened at $1,150.65 on Tuesday. The stock has a market cap of $28.59 billion, a price-to-earnings ratio of 64.32, a PEG ratio of 2.50 and a beta of 1.21. The business has a 50 day simple moving average of $1,247.01 and a 200 day simple moving average of $1,144.79. Fair Isaac Co. has a 52-week low of $708.00 and a 52-week high of $1,349.75.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.11. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. The company had revenue of $382.06 million during the quarter, compared to the consensus estimate of $386.55 million. On average, analysts predict that Fair Isaac Co. will post 19.95 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Barclays upped their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Redburn Atlantic assumed coverage on Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 price objective on shares of Fair Isaac in a research note on Monday. Finally, Raymond James increased their target price on Fair Isaac from $1,214.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,180.45.

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.