Bfsg LLC Trims Holdings in Fair Isaac Co. (NYSE:FICO)

Bfsg LLC reduced its stake in Fair Isaac Co. (NYSE:FICO) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 930 shares of the technology company’s stock after selling 108 shares during the quarter. Bfsg LLC’s holdings in Fair Isaac were worth $1,082,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornercap Investment Counsel Inc. acquired a new position in Fair Isaac during the fourth quarter worth about $249,000. Patton Fund Management Inc. boosted its position in shares of Fair Isaac by 88.1% during the 4th quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock worth $5,378,000 after purchasing an additional 2,164 shares during the period. SG Americas Securities LLC boosted its position in shares of Fair Isaac by 289.0% during the 4th quarter. SG Americas Securities LLC now owns 2,338 shares of the technology company’s stock worth $2,721,000 after purchasing an additional 1,737 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Fair Isaac by 741.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 4,780 shares of the technology company’s stock worth $4,152,000 after purchasing an additional 4,212 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Fair Isaac by 72.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,445 shares of the technology company’s stock worth $6,338,000 after purchasing an additional 2,280 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FICO shares. Raymond James increased their target price on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $1,350.00 price objective on shares of Fair Isaac in a report on Friday, January 26th. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 price objective on shares of Fair Isaac in a report on Monday. Barclays raised their price objective on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Finally, Redburn Atlantic began coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,180.45.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the sale, the chief executive officer now directly owns 12,638 shares of the company’s stock, valued at $14,414,270.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 24,000 shares of company stock worth $29,011,120. 3.54% of the stock is owned by company insiders.

Fair Isaac Stock Up 0.4 %

Shares of NYSE FICO traded up $4.84 during midday trading on Wednesday, hitting $1,193.03. The company had a trading volume of 177,933 shares, compared to its average volume of 168,089. Fair Isaac Co. has a twelve month low of $708.00 and a twelve month high of $1,349.75. The business has a 50-day simple moving average of $1,245.39 and a two-hundred day simple moving average of $1,147.01. The firm has a market capitalization of $29.65 billion, a price-to-earnings ratio of 66.39, a price-to-earnings-growth ratio of 2.55 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last released its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.11. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. The firm had revenue of $382.06 million during the quarter, compared to the consensus estimate of $386.55 million. On average, equities analysts forecast that Fair Isaac Co. will post 19.95 EPS for the current year.

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.