Envestnet Asset Management Inc. Sells 15,840 Shares of Fair Isaac Co. (NYSE:FICO)

Envestnet Asset Management Inc. reduced its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,150 shares of the technology company's stock after selling 15,840 shares during the period. Envestnet Asset Management Inc. owned about 0.18% of Fair Isaac worth $85,909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rakuten Securities Inc. lifted its holdings in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after acquiring an additional 8 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Fair Isaac in the 4th quarter worth about $40,000. Avalon Trust Co bought a new stake in Fair Isaac in the 4th quarter valued at about $40,000. OFI Invest Asset Management acquired a new position in Fair Isaac during the 4th quarter valued at about $42,000. Finally, Versant Capital Management Inc increased its stake in shares of Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock valued at $48,000 after purchasing an additional 20 shares during the period. Institutional investors own 85.75% of the company's stock.

Wall Street Analyst Weigh In

FICO has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price objective on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Barclays decreased their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Wells Fargo & Company lowered their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Oppenheimer dropped their target price 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. Finally, JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research note on Friday, December 20th. They set a "neutral" rating and a $2,150.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $2,131.86.

Remove Ads

Fair Isaac Stock Performance

Shares of FICO stock traded up $36.43 on Monday, reaching $1,924.88. 27,814 shares of the company's stock traded hands, compared to its average volume of 207,878. The company has a market capitalization of $47.00 billion, a P/E ratio of 88.34, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.51. The business's 50 day moving average price is $1,814.70 and its two-hundred day moving average price is $1,982.11.

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

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $74,210,495.94. This trade represents a 6.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 13,058 shares of company stock worth $23,119,030 in the last quarter. 3.46% of the stock is currently owned by corporate insiders.

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.