Fair Isaac Co. (NYSE:FICO) Shares Sold by LRI Investments LLC

LRI Investments LLC cut its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 265 shares of the technology company’s stock after selling 41 shares during the period. LRI Investments LLC’s holdings in Fair Isaac were worth $528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $442,369,000. Wealthfront Advisers LLC raised its holdings in shares of Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock valued at $292,728,000 after acquiring an additional 144,266 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $261,610,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Fair Isaac by 376.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock valued at $321,790,000 after acquiring an additional 127,679 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $199,441,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at $76,026,643.74. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the sale, the executive vice president now directly owns 9,974 shares of the company’s stock, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,135 shares of company stock valued at $31,505,623. Company insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FICO shares. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, April 30th. UBS Group dropped their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group dropped their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Barclays dropped their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,268.54.

Fair Isaac Stock Down 0.8%

FICO stock opened at $2,089.01 on Monday. The company has a market capitalization of $50.85 billion, a price-to-earnings ratio of 95.87, a P/E/G ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 12 month low of $1,266.72 and a 12 month high of $2,402.52. The firm has a 50 day moving average of $1,879.31 and a two-hundred day moving average of $1,980.15.

Fair Isaac (NYSE:FICO) last posted its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping the consensus estimate of $7.33 by $0.48. The company had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.14 earnings per share. On average, research analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Fair Isaac 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.