Ritholtz Wealth Management Sells 401 Shares of Fair Isaac Co. (NYSE:FICO)

Ritholtz Wealth Management trimmed its stake in Fair Isaac Co. (NYSE:FICO) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,437 shares of the technology company’s stock after selling 401 shares during the quarter. Ritholtz Wealth Management’s holdings in Fair Isaac were worth $7,493,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FICO. Private Advisor Group LLC bought a new position in Fair Isaac in the first quarter valued at approximately $324,000. PNC Financial Services Group Inc. boosted its stake in shares of Fair Isaac by 3.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,845 shares of the technology company’s stock worth $860,000 after acquiring an additional 54 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Fair Isaac by 423.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293 shares of the technology company’s stock worth $137,000 after acquiring an additional 237 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Fair Isaac by 0.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 20,658 shares of the technology company’s stock worth $9,998,000 after acquiring an additional 135 shares during the period. Finally, Raymond James Trust N.A. boosted its stake in shares of Fair Isaac by 12.4% during the 1st quarter. Raymond James Trust N.A. now owns 964 shares of the technology company’s stock worth $449,000 after acquiring an additional 106 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on FICO. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,350.00 target price on shares of Fair Isaac in a research note on Friday, January 26th. Raymond James lifted their target price on Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. The Goldman Sachs Group lifted their target price on Fair Isaac from $1,156.00 to $1,289.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Barclays boosted their price target on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Finally, Jefferies Financial Group boosted their price target on Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,187.20.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the completion of the transaction, the chief executive officer now owns 28,638 shares of the company’s stock, valued at approximately $36,081,302.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Steven P. Weber sold 136 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $1,159.66, for a total transaction of $157,713.76. Following the completion of the transaction, the chief financial officer now owns 1,935 shares of the company’s stock, valued at approximately $2,243,942.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $1,259.91, for a total value of $10,079,280.00. Following the transaction, the chief executive officer now directly owns 28,638 shares of the company’s stock, valued at approximately $36,081,302.58. The disclosure for this sale can be found here. Insiders sold 21,264 shares of company stock valued at $25,826,869 in the last three months. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,248.66 on Friday. The stock has a market capitalization of $31.03 billion, a PE ratio of 69.80, a P/E/G ratio of 3.62 and a beta of 1.22. The business has a fifty day moving average price of $1,268.75 and a two-hundred day moving average price of $1,104.30. Fair Isaac Co. has a fifty-two week low of $664.41 and a fifty-two week high of $1,349.75.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.11. The firm had revenue of $382.06 million during the quarter, compared to analysts’ expectations of $386.55 million. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. On average, equities analysts expect that Fair Isaac Co. will post 20.01 EPS for the current 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.