Koshinski Asset Management Inc. lessened its holdings in Fair Isaac Co. (NYSE:FICO – Free Report) by 42.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 339 shares of the technology company’s stock after selling 254 shares during the period. Koshinski Asset Management Inc.’s holdings in Fair Isaac were worth $675,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Wealthquest Corp acquired a new stake in shares of Fair Isaac in the 4th quarter valued at $207,000. Mechanics Bank Trust Department lifted its stake in shares of Fair Isaac by 5.7% in the 4th quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock valued at $223,000 after purchasing an additional 6 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in shares of Fair Isaac by 13.6% in the 4th quarter. Diversify Advisory Services LLC now owns 444 shares of the technology company’s stock valued at $851,000 after purchasing an additional 53 shares during the last quarter. Diversify Wealth Management LLC lifted its stake in shares of Fair Isaac by 1.1% in the 4th quarter. Diversify Wealth Management LLC now owns 1,063 shares of the technology company’s stock valued at $2,038,000 after purchasing an additional 12 shares during the last quarter. Finally, Jackson Square Capital LLC bought a new position in Fair Isaac in the 4th quarter worth $388,000. Institutional investors and hedge funds own 85.75% of the company’s stock.
Wall Street Analyst Weigh In
FICO has been the topic of several recent analyst reports. Oppenheimer dropped their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. UBS Group initiated coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Jefferies Financial Group lifted their target price on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,087.77.
Insider Activity at Fair Isaac
In related news, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 13,589 shares of company stock valued at $31,258,963 over the last quarter. 3.54% of the stock is owned by company insiders.
Fair Isaac Stock Down 1.0 %
NYSE FICO opened at $1,875.89 on Thursday. The stock has a market cap of $45.68 billion, a P/E ratio of 91.73, a PEG ratio of 3.50 and a beta of 1.40. The company’s 50-day simple moving average is $2,134.33 and its 200 day simple moving average is $1,939.61. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51.
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.
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