Apollon Wealth Management LLC Sells 231 Shares of Fair Isaac Co. (NYSE:FICO)

Apollon Wealth Management LLC lowered its stake in Fair Isaac Co. (NYSE:FICO) by 43.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 303 shares of the technology company’s stock after selling 231 shares during the quarter. Apollon Wealth Management LLC’s holdings in Fair Isaac were worth $603,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Clarity Wealth Advisors LLC lifted its stake in shares of Fair Isaac by 44.0% in the 4th quarter. Clarity Wealth Advisors LLC now owns 422 shares of the technology company’s stock valued at $840,000 after acquiring an additional 129 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Fair Isaac in the 4th quarter worth about $74,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Fair Isaac by 2.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,869 shares of the technology company’s stock valued at $5,712,000 after purchasing an additional 68 shares in the last quarter. Telligent Fund LP bought a new stake in shares of Fair Isaac during the fourth quarter worth about $2,986,000. Finally, E. Ohman J or Asset Management AB increased its stake in shares of Fair Isaac by 3.2% in the fourth quarter. E. Ohman J or Asset Management AB now owns 1,120 shares of the technology company’s stock valued at $2,230,000 after buying an additional 35 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fair Isaac news, Director Marc F. Mcmorris sold 520 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the transaction, the director now owns 242 shares in the company, valued at approximately $520,921.94. This represents a 68.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the transaction, the executive vice president now owns 48,895 shares of the company’s stock, valued at $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,660 shares of company stock worth $24,410,261 in the last three months. Company insiders own 3.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. started coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price on the stock. Barclays boosted their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Robert W. Baird decreased their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday, February 5th. Finally, Jefferies Financial Group decreased their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $2,078.15.

Fair Isaac Stock Performance

Shares of FICO opened at $1,763.16 on Thursday. The firm has a market cap of $43.06 billion, a PE ratio of 80.92, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The business’s 50 day moving average price is $1,985.84 and its two-hundred day moving average price is $1,966.39.

Fair Isaac (NYSE:FICO) last issued 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 negative return on equity of 53.40% and a net margin of 30.66%. Research analysts predict that Fair Isaac Co. will post 23.91 EPS for the current fiscal 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.