Orion Portfolio Solutions LLC Decreases Position in Fair Isaac Co. (NYSE:FICO)

Orion Portfolio Solutions LLC trimmed its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 30.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,703 shares of the technology company's stock after selling 730 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Fair Isaac were worth $3,310,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FICO. Heritage Family Offices LLP grew its stake in Fair Isaac by 2.0% in the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company's stock worth $498,000 after buying an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Fair Isaac by 5.7% in the 3rd 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 period. Moss Adams Wealth Advisors LLC raised its position in shares of Fair Isaac by 4.0% during the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company's stock valued at $301,000 after buying an additional 6 shares during the last quarter. Covestor Ltd increased its position in 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. Finally, Meeder Asset Management Inc. increased its position in Fair Isaac by 37.5% in the third 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 last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. Wells Fargo & Company upped their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Robert W. Baird upped their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price target on shares of 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. Finally, UBS Group started coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price target for the company. Four 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,022.67.

Fair Isaac Trading Up 0.9 %

Fair Isaac stock traded up $19.68 during mid-day trading on Wednesday, hitting $2,192.37. The company had a trading volume of 156,916 shares, compared to its average volume of 169,221. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.51. The company has a market capitalization of $53.38 billion, a price-to-earnings ratio of 106.11, a P/E/G ratio of 4.37 and a beta of 1.36. The company's fifty day moving average is $2,155.66 and its 200-day moving average is $1,809.59.

Insider Activity

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the completion of the sale, the executive vice president now directly owns 48,895 shares of the company's stock, valued at $113,456,446.95. This trade represents a 6.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now directly owns 5,769 shares of the company's stock, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,930 shares of company stock worth $23,281,002 in the last quarter. Corporate insiders own 3.54% of the company's stock.

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.