Strategy Asset Managers LLC Sells 35 Shares of Fair Isaac Co. (NYSE:FICO)

Strategy Asset Managers LLC reduced its position in shares of Fair Isaac Co. (NYSE:FICO) by 5.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 646 shares of the technology company’s stock after selling 35 shares during the quarter. Strategy Asset Managers LLC’s holdings in Fair Isaac were worth $1,286,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FICO. First National Bank of Omaha purchased a new position in Fair Isaac in the 3rd quarter worth approximately $1,576,000. National Bank of Canada FI raised its stake in shares of Fair Isaac by 51.9% in the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock worth $38,514,000 after purchasing an additional 6,768 shares during the last quarter. Donoghue Forlines LLC bought a new position in shares of Fair Isaac during the fourth quarter valued at $1,935,000. Czech National Bank boosted its position in shares of Fair Isaac by 5.7% during the fourth quarter. Czech National Bank now owns 5,280 shares of the technology company’s stock valued at $10,512,000 after buying an additional 286 shares during the last quarter. Finally, FMR LLC increased its holdings in Fair Isaac by 46.1% in the 3rd quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after buying an additional 65,297 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Oppenheimer reduced their price target on shares of 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. Needham & Company LLC reissued a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a report on Wednesday, February 5th. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. UBS Group lowered their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, Robert W. Baird cut their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

Fair Isaac Price Performance

FICO stock opened at $1,834.32 on Friday. The business has a 50-day moving average price of $1,828.54 and a 200 day moving average price of $1,989.42. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.52. The company has a market capitalization of $44.79 billion, a P/E ratio of 84.18, a PEG ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (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%. On average, analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 4,092 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,241 shares of company stock worth $18,186,184. 3.46% 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.