Stifel Financial Corp Sells 6,666 Shares of Fair Isaac Co. (NYSE:FICO)

Stifel Financial Corp cut its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,405 shares of the technology company's stock after selling 6,666 shares during the period. Stifel Financial Corp owned about 0.07% of Fair Isaac worth $32,662,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Fair Isaac during the 4th quarter valued at about $442,369,000. Wealthfront Advisers LLC boosted its holdings in Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock valued at $292,728,000 after purchasing an additional 144,266 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Fair Isaac in the 4th quarter valued at approximately $261,610,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Fair Isaac by 376.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock worth $321,790,000 after buying an additional 127,679 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Fair Isaac during the 4th quarter worth approximately $199,441,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Price Performance

FICO opened at $1,925.39 on Thursday. The firm has a 50 day simple moving average of $1,826.47 and a 200 day simple moving average of $1,979.79. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.52. The company has a market cap of $47.01 billion, a price-to-earnings ratio of 88.36, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate 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, analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Bank of America assumed coverage on Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective for the company. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Robert W. Baird decreased their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. UBS Group cut their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, Wells Fargo & Company decreased their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2,210.23.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 13,058 shares of company stock worth $23,119,030. Insiders own 3.46% of the company's stock.

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.

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