Jag Capital Management LLC Sells 2,026 Shares of Fair Isaac Co. (NYSE:FICO)

Jag Capital Management LLC lessened its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 21.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,397 shares of the technology company's stock after selling 2,026 shares during the period. Fair Isaac comprises approximately 2.1% of Jag Capital Management LLC's holdings, making the stock its 18th biggest position. Jag Capital Management LLC's holdings in Fair Isaac were worth $14,727,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FICO. Capital Performance Advisors LLP bought a new stake in Fair Isaac during the third quarter valued at about $25,000. True Wealth Design LLC grew its stake in shares of Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock valued at $39,000 after acquiring an additional 18 shares during the period. Berbice Capital Management LLC bought a new position in shares of Fair Isaac during the 4th quarter valued at approximately $40,000. Meeder Asset Management Inc. raised its stake in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock worth $43,000 after acquiring an additional 6 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Fair Isaac by 500.0% during 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 in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Robert W. Baird decreased their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, Oppenheimer lowered 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. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $2,088.15.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. The trade was a 12.48 % 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, CFO Steven P. Weber sold 139 shares of the stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the sale, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their position. 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 over the last ninety days. Company insiders own 3.46% of the company's stock.

Fair Isaac Price Performance

Shares of NYSE FICO traded up $19.13 during midday trading on Friday, reaching $1,835.64. 213,628 shares of the stock traded hands, compared to its average volume of 173,012. The company's 50 day moving average is $1,873.58 and its 200 day moving average is $1,979.17. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.52. The stock has a market capitalization of $44.82 billion, a PE ratio of 84.24, a P/E/G ratio of 3.27 and a beta of 1.39.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts' consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. As a group, equities analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

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.