Fair Isaac Co. (NYSE:FICO) Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lessened its stake in Fair Isaac Co. (NYSE:FICO) by 6.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 311 shares of the technology company’s stock after selling 21 shares during the period. Valley Wealth Managers Inc.’s holdings in Fair Isaac were worth $389,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in shares of Fair Isaac by 112,366.2% in the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock worth $464,737,000 after acquiring an additional 398,900 shares during the period. American Century Companies Inc. lifted its stake in Fair Isaac by 39.6% in the 3rd quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock valued at $318,633,000 after buying an additional 104,161 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Fair Isaac by 30.2% in the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after buying an additional 82,699 shares in the last quarter. Franklin Resources Inc. lifted its stake in Fair Isaac by 25.2% in the 4th quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock valued at $330,072,000 after buying an additional 57,010 shares in the last quarter. Finally, Norges Bank purchased a new stake in Fair Isaac in the 4th quarter valued at approximately $259,509,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO traded up $33.05 during trading hours on Thursday, hitting $1,567.14. The stock had a trading volume of 72,181 shares, compared to its average volume of 181,382. The firm has a market cap of $38.72 billion, a P/E ratio of 80.53, a P/E/G ratio of 4.12 and a beta of 1.34. The company’s fifty day simple moving average is $1,385.73 and its 200 day simple moving average is $1,283.67. Fair Isaac Co. has a 12-month low of $804.28 and a 12-month high of $1,575.01.

Fair Isaac (NYSE:FICO) last issued its earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, topping the consensus estimate of $4.89 by $0.20. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. The business had revenue of $433.81 million for the quarter, compared to analyst estimates of $425.94 million. As a group, sell-side analysts predict that Fair Isaac Co. will post 19.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on FICO. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a research note on Tuesday, June 11th. Redburn Atlantic initiated coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 target price on the stock. Wolfe Research initiated coverage on Fair Isaac in a research note on Tuesday. They set an “outperform” rating and a $1,725.00 price target on the stock. Finally, Raymond James increased their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,319.40.

Insider Activity at Fair Isaac

In related news, Director Joanna Rees sold 1,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the completion of the sale, the director now directly owns 21,118 shares in the company, valued at approximately $26,503,090. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Joanna Rees sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total transaction of $1,255,000.00. Following the completion of the sale, the director now directly owns 21,118 shares in the company, valued at $26,503,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction dated 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 owns 12,638 shares of the company’s stock, valued at $14,414,270.90. The disclosure for this sale can be found here. In the last three months, insiders sold 24,014 shares of company stock worth $31,012,918. Corporate insiders own 3.54% of the company’s stock.

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.