Heritage Family Offices LLP Sells 154 Shares of Fair Isaac Co. (NYSE:FICO)

Heritage Family Offices LLP reduced its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 60.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 102 shares of the technology company's stock after selling 154 shares during the period. Heritage Family Offices LLP's holdings in Fair Isaac were worth $203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac during the 3rd quarter valued at $25,000. True Wealth Design LLC grew its stake in shares of Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock valued at $39,000 after buying an additional 18 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock worth $43,000 after purchasing an additional 6 shares during the period. Versant Capital Management Inc boosted its stake in shares of 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 during the period. Finally, Covestor Ltd grew its holdings in shares of Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company's stock worth $52,000 after purchasing an additional 6 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded down $72.58 during midday trading on Friday, hitting $1,897.10. The company had a trading volume of 362,201 shares, compared to its average volume of 174,624. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The stock has a market capitalization of $46.19 billion, a P/E ratio of 92.77, a P/E/G ratio of 3.55 and a beta of 1.40. The company has a 50 day moving average of $2,170.64 and a 200 day moving average of $1,926.63.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FICO. Needham & Company LLC increased their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Royal Bank of Canada restated a "sector perform" rating and set a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. The Goldman Sachs Group upped their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Wells Fargo & Company boosted their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Finally, UBS Group assumed coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 price target for the company. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $2,087.77.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 2,478 shares of the company's stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marc F. Mcmorris sold 520 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the transaction, the director now owns 242 shares of the company's stock, valued at approximately $520,921.94. The trade was a 68.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,589 shares of company stock valued at $31,258,963. 3.54% of the stock is currently owned by corporate insiders.

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.