Raymond James & Associates Lowers Position in Fair Isaac Co. (NYSE:FICO)

Raymond James & Associates decreased its stake in shares of Fair Isaac Co. (NYSE:FICO) by 32.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,257 shares of the technology company’s stock after selling 18,889 shares during the quarter. Raymond James & Associates owned about 0.16% of Fair Isaac worth $45,696,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. KB Financial Partners LLC bought a new stake in shares of Fair Isaac in the second quarter worth about $34,000. Clear Street Markets LLC purchased a new stake in shares of Fair Isaac during the 1st quarter worth approximately $34,000. Rise Advisors LLC raised its holdings in shares of Fair Isaac by 1,466.7% during the 3rd quarter. Rise Advisors LLC now owns 47 shares of the technology company’s stock worth $41,000 after acquiring an additional 44 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Fair Isaac in the third quarter valued at $42,000. Finally, Assetmark Inc. bought a new stake in Fair Isaac in the third quarter worth $44,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FICO has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. The Goldman Sachs Group boosted their price objective on Fair Isaac from $1,156.00 to $1,289.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Barclays raised their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Raymond James boosted their target price on Fair Isaac from $1,214.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $1,350.00 price target on shares of Fair Isaac in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,187.20.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the transaction, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at $25,300,743.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Fair Isaac news, CFO Steven P. Weber sold 136 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $1,159.66, for a total transaction of $157,713.76. Following the completion of the transaction, the chief financial officer now directly owns 1,935 shares of the company’s stock, valued at approximately $2,243,942.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William J. Lansing sold 8,000 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the sale, the chief executive officer now directly owns 20,638 shares in the company, valued at $25,300,743.34. The disclosure for this sale can be found here. Insiders sold 21,264 shares of company stock valued at $25,826,869 over the last 90 days. Insiders own 3.54% of the company’s stock.

Fair Isaac Trading Down 1.7 %

Shares of NYSE:FICO opened at $1,260.30 on Thursday. The company has a market capitalization of $31.32 billion, a PE ratio of 70.45, a P/E/G ratio of 3.65 and a beta of 1.22. Fair Isaac Co. has a 12-month low of $664.41 and a 12-month high of $1,349.75. The business’s fifty day simple moving average is $1,268.77 and its 200-day simple moving average is $1,103.29.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.11. The company had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. Research analysts predict that Fair Isaac Co. will post 20.01 EPS for the current year.

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.