Hanlon Investment Management Inc. Cuts Stake in Fair Isaac Co. (NYSE:FICO)

Hanlon Investment Management Inc. lowered its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 43.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 273 shares of the technology company's stock after selling 207 shares during the quarter. Hanlon Investment Management Inc.'s holdings in Fair Isaac were worth $544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Rakuten Securities Inc. lifted its stake in shares of Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after buying an additional 8 shares in the last quarter. Pinnacle Holdings LLC bought a new position in Fair Isaac during the fourth quarter valued at approximately $26,000. Berbice Capital Management LLC bought a new stake in Fair Isaac in the fourth quarter worth $40,000. Avalon Trust Co purchased a new stake in Fair Isaac during the fourth quarter valued at $40,000. Finally, OFI Invest Asset Management bought a new position in Fair Isaac during the fourth quarter valued at $42,000. 85.75% of the stock is currently owned by institutional investors.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 2,956 shares of Fair Isaac stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $74,210,495.94. The trade was a 6.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 13,058 shares of company stock valued at $23,119,030 over the last 90 days. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Stock Up 0.4 %

Shares of FICO traded up $7.28 during trading hours on Friday, reaching $1,907.06. 151,093 shares of the company traded hands, compared to its average volume of 181,255. The business has a fifty day moving average price of $1,819.18 and a 200-day moving average price of $1,980.99. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52. The stock has a market capitalization of $46.57 billion, a P/E ratio of 87.52, a P/E/G ratio of 3.27 and a beta of 1.37.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on FICO shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $2,500.00 price target on shares of Fair Isaac in a report on Friday, April 11th. Wells Fargo & Company decreased their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Bank of America started coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price objective for the company. Finally, UBS Group cut their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,210.23.

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.