Townsquare Capital LLC Sells 618 Shares of Fair Isaac Co. (NYSE:FICO)

Townsquare Capital LLC cut its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 26.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,703 shares of the technology company's stock after selling 618 shares during the period. Townsquare Capital LLC's holdings in Fair Isaac were worth $3,391,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock worth $724,122,000 after purchasing an additional 1,977 shares during the last quarter. Barclays PLC raised its holdings in Fair Isaac by 24.8% during the third quarter. Barclays PLC now owns 60,521 shares of the technology company's stock valued at $117,624,000 after buying an additional 12,038 shares in the last quarter. Morse Asset Management Inc boosted its stake in shares of Fair Isaac by 7.3% during the 3rd quarter. Morse Asset Management Inc now owns 427 shares of the technology company's stock worth $830,000 after acquiring an additional 29 shares in the last quarter. Anchor Investment Management LLC grew its holdings in Fair Isaac by 204.0% during the third quarter. Anchor Investment Management LLC now owns 76 shares of the technology company's stock valued at $148,000 after purchasing an additional 51 shares during the last quarter. Finally, World Investment Advisors LLC bought a new position in Fair Isaac in the 3rd quarter worth $290,000. Institutional investors own 85.75% of the company's stock.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 4,092 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $72,801,401.22. This represents a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 13,058 shares of company stock valued at $23,119,030. Company insiders own 3.46% of the company's stock.

Fair Isaac Price Performance

Shares of FICO stock traded up $7.28 on Friday, hitting $1,907.06. The stock had a trading volume of 151,093 shares, compared to its average volume of 181,255. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52. The stock has a market cap of $46.57 billion, a price-to-earnings ratio of 87.52, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. The business has a 50 day moving average of $1,819.18 and a 200 day moving average of $1,980.99.

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

Analyst Ratings Changes

A number of research analysts have recently commented on FICO shares. Barclays cut their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Bank of America assumed coverage on Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective on the stock. Wells Fargo & Company cut their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $2,500.00 price target on shares of Fair Isaac in a research note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2,210.23.

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.