EFG Asset Management Americas Corp. Trims Position in Fair Isaac Co. (NYSE:FICO)

EFG Asset Management Americas Corp. decreased its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,591 shares of the technology company's stock after selling 750 shares during the quarter. EFG Asset Management Americas Corp.'s holdings in Fair Isaac were worth $3,168,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Covestor Ltd lifted its position in Fair Isaac by 30.0% during the third quarter. Covestor Ltd now owns 26 shares of the technology company's stock valued at $52,000 after purchasing an additional 6 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Fair Isaac by 37.5% during 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 during the last quarter. Mechanics Bank Trust Department lifted its position in Fair Isaac by 5.7% during 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 during the last quarter. Alpha Cubed Investments LLC lifted its position in Fair Isaac by 1.3% during 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 during the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in Fair Isaac by 2.0% during 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 during the last quarter. Institutional investors own 85.75% of the company's stock.

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Insiders Place Their Bets

In other news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James M. Wehmann sold 3,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total transaction of $6,585,570.00. Following the completion of the sale, the executive vice president now owns 51,911 shares in the company, valued at $113,954,508.09. This represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,670 shares of company stock worth $18,823,773 in the last three months. Corporate insiders own 3.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Oppenheimer reduced their target price 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. Jefferies Financial Group reduced their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. UBS Group reduced their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a research note on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 target price on the stock. Finally, 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 on the stock in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $2,088.15.

Fair Isaac Stock Up 1.1 %

FICO stock traded up $19.13 during trading on Friday, hitting $1,835.64. The company had a trading volume of 213,628 shares, compared to its average volume of 173,087. The firm 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. The company has a 50 day simple moving average of $1,869.55 and a 200-day simple moving average of $1,981.34.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (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%. Sell-side analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

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.