Ritholtz Wealth Management Sells 225 Shares of Fair Isaac Co. (NYSE:FICO)

Ritholtz Wealth Management lessened its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,261 shares of the technology company's stock after selling 225 shares during the period. Ritholtz Wealth Management's holdings in Fair Isaac were worth $10,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FICO. Capital Performance Advisors LLP acquired a new stake in Fair Isaac in the third quarter worth about $25,000. True Wealth Design LLC lifted its stake in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock worth $39,000 after acquiring an additional 18 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock valued at $43,000 after acquiring an additional 6 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock valued at $48,000 after acquiring an additional 20 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Fair Isaac by 30.0% during the third quarter. Covestor Ltd now owns 26 shares of the technology company's stock valued at $52,000 after acquiring an additional 6 shares during the period. Institutional investors own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of research reports. Barclays increased their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Oppenheimer decreased 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. Jefferies Financial Group lifted their target price on Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a "buy" rating in a report on Wednesday. Robert W. Baird upped their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price objective 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. Five equities 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 currently has an average rating of "Moderate Buy" and an average price target of $2,087.77.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded down $72.58 during mid-day trading on Friday, hitting $1,897.10. The stock had a trading volume of 362,499 shares, compared to its average volume of 179,881. The company's 50 day moving average is $2,170.64 and its 200-day moving average is $1,926.63. 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 cap of $46.19 billion, a PE ratio of 92.77, a P/E/G ratio of 3.55 and a beta of 1.40.

Insider Activity

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 48,895 shares of the company's stock, valued at $113,456,446.95. This represents a 6.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares of the company's stock, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,589 shares of company stock worth $31,258,963. 3.54% of the stock is owned by corporate insiders.

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.