Argent Capital Management LLC Sells 3,166 Shares of Fair Isaac Co. (NYSE:FICO)

Argent Capital Management LLC lowered its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,590 shares of the technology company's stock after selling 3,166 shares during the period. Fair Isaac makes up about 2.8% of Argent Capital Management LLC's investment portfolio, making the stock its 9th largest position. Argent Capital Management LLC owned approximately 0.20% of Fair Isaac worth $98,730,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FICO. Heritage Family Offices LLP raised its position in shares of Fair Isaac by 2.0% in the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company's stock valued at $498,000 after purchasing an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Fair Isaac by 5.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company's stock worth $216,000 after purchasing an additional 6 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its stake in Fair Isaac by 4.0% in the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company's stock worth $301,000 after purchasing an additional 6 shares in the last quarter. Covestor Ltd increased its holdings in Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company's stock valued at $52,000 after buying an additional 6 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake 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 buying an additional 6 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fair Isaac

In other news, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total value of $273,054.38. Following the transaction, the chief financial officer now directly owns 2,478 shares of the company's stock, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Marc F. Mcmorris sold 520 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the sale, the director now owns 242 shares of the company's stock, valued at approximately $520,921.94. This trade represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,589 shares of company stock valued at $31,258,963 over the last ninety days. Insiders own 3.54% of the company's stock.

Wall Street Analyst Weigh In

FICO has been the subject of several recent research reports. The Goldman Sachs Group boosted their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Oppenheimer cut 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 report on Tuesday, January 7th. UBS Group began coverage on Fair Isaac in a report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 target price for the company. JPMorgan Chase & Co. began coverage on Fair Isaac in a report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price target on the stock. Finally, Robert W. Baird boosted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $2,087.77.

Fair Isaac Price Performance

Shares of NYSE FICO traded down $58.77 during mid-day trading on Thursday, reaching $1,971.70. 192,873 shares of the company traded hands, compared to its average volume of 161,117. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51. The firm has a market cap of $48.01 billion, a PE ratio of 96.42, a price-to-earnings-growth ratio of 3.55 and a beta of 1.40. The stock has a fifty day simple moving average of $2,174.74 and a 200-day simple moving average of $1,926.32.

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.