Charles Schwab Investment Management Inc. Has $136.39 Million Stake in Fair Isaac Co. (NYSE:FICO)

Charles Schwab Investment Management Inc. decreased its position in shares of Fair Isaac Co. (NYSE:FICOFree Report) by 29.3% in the 3rd quarter, Holdings Channel reports. The fund owned 157,032 shares of the technology company’s stock after selling 65,023 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Fair Isaac were worth $136,387,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mission Wealth Management LP grew its stake in shares of Fair Isaac by 1.9% during the 2nd quarter. Mission Wealth Management LP now owns 690 shares of the technology company’s stock worth $558,000 after acquiring an additional 13 shares during the period. CWM LLC grew its stake in shares of Fair Isaac by 8.1% during the 3rd quarter. CWM LLC now owns 174 shares of the technology company’s stock worth $151,000 after acquiring an additional 13 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Fair Isaac by 9.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 158 shares of the technology company’s stock worth $128,000 after acquiring an additional 14 shares during the period. Congress Wealth Management LLC DE grew its stake in shares of Fair Isaac by 1.1% during the 3rd quarter. Congress Wealth Management LLC DE now owns 1,424 shares of the technology company’s stock worth $1,237,000 after acquiring an additional 15 shares during the period. Finally, Nicolet Advisory Services LLC boosted its stake in Fair Isaac by 4.7% in the 3rd quarter. Nicolet Advisory Services LLC now owns 334 shares of the technology company’s stock worth $288,000 after purchasing an additional 15 shares during the period. Institutional investors own 85.17% of the company’s stock.

Fair Isaac Stock Up 0.2 %

NYSE:FICO opened at $1,323.81 on Friday. The business’s 50-day moving average price is $1,193.24 and its two-hundred day moving average price is $1,007.10. Fair Isaac Co. has a twelve month low of $650.00 and a twelve month high of $1,336.39. The stock has a market cap of $32.90 billion, a P/E ratio of 74.00, a PEG ratio of 3.80 and a beta of 1.24.

Fair Isaac (NYSE:FICOGet Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $4.01 earnings per share for the quarter, missing analysts’ consensus estimates of $4.20 by ($0.19). The firm had revenue of $389.73 million for the quarter, compared to analysts’ expectations of $386.25 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. On average, equities research analysts expect that Fair Isaac Co. will post 20.01 EPS for the current fiscal year.

Insider Activity at Fair Isaac

In related news, CAO Michael S. Leonard sold 317 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $1,144.39, for a total transaction of $362,771.63. Following the transaction, the chief accounting officer now directly owns 5,113 shares of the company’s stock, valued at approximately $5,851,266.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Fair Isaac news, Director David A. Rey sold 7,197 shares of Fair Isaac stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $1,167.74, for a total value of $8,404,224.78. Following the transaction, the director now directly owns 1,303 shares of the company’s stock, valued at approximately $1,521,565.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael S. Leonard sold 317 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $1,144.39, for a total value of $362,771.63. Following the completion of the sale, the chief accounting officer now owns 5,113 shares of the company’s stock, valued at approximately $5,851,266.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,297 shares of company stock valued at $24,495,056. Corporate insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on FICO shares. Needham & Company LLC raised their target price on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Jefferies Financial Group raised their target price on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Barclays raised their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a research note on Friday, January 26th. Finally, Wells Fargo & Company assumed coverage on Fair Isaac in a research note on Wednesday, November 8th. They issued an “overweight” rating and a $1,120.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,187.20.

Read Our Latest Report on FICO

Fair Isaac Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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