Marks Group Wealth Management Inc Reduces Position in Fair Isaac Co. (NYSE:FICO)

Marks Group Wealth Management Inc decreased its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,943 shares of the technology company's stock after selling 149 shares during the quarter. Fair Isaac makes up 1.0% of Marks Group Wealth Management Inc's holdings, making the stock its 19th largest position. Marks Group Wealth Management Inc's holdings in Fair Isaac were worth $9,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FICO. Capital Performance Advisors LLP purchased a new stake in Fair Isaac in the third quarter valued at $25,000. True Wealth Design LLC raised its position in Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock valued at $39,000 after purchasing an additional 18 shares during the period. Berbice Capital Management LLC purchased a new stake in Fair Isaac in the fourth quarter valued at $40,000. Meeder Asset Management Inc. raised its holdings in shares of Fair Isaac by 37.5% in the 3rd 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 during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Fair Isaac by 500.0% in the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock valued at $48,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Buying and Selling

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the sale, the executive vice president now owns 45,395 shares in the company, valued at approximately $107,760,920.75. This represents a 7.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,670 shares of company stock worth $35,253,683 in the last quarter. Company insiders own 3.46% of the company's stock.

Fair Isaac Price Performance

Shares of FICO stock traded down $7.46 during trading hours on Friday, reaching $1,795.33. 99,645 shares of the company's stock were exchanged, compared to its average volume of 254,241. The company has a market cap of $43.84 billion, a P/E ratio of 82.39, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. The company's 50 day moving average is $1,962.97 and its two-hundred day moving average is $1,966.69. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its 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 negative return on equity of 53.40% and a net margin of 30.66%. As a group, analysts predict that Fair Isaac Co. will post 23.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price objective on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Oppenheimer lowered their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Barclays upped their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Robert W. Baird decreased their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $2,078.15.

Fair Isaac 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.