Fair Isaac Co. (NYSE:FICO) Stake Lowered by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in shares of Fair Isaac Co. (NYSE:FICO) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,507 shares of the technology company’s stock after selling 87 shares during the quarter. Corient Private Wealth LLC owned approximately 0.07% of Fair Isaac worth $32,866,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FICO. Wealthfront Advisers LLC boosted 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 position in Fair Isaac during the 4th quarter valued at about $261,610,000. Raymond James Financial Inc. bought a new position in Fair Isaac in the 4th quarter worth about $199,441,000. FMR LLC increased its stake in shares of Fair Isaac by 46.1% in the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after purchasing an additional 65,297 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Fair Isaac by 35.1% during the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after buying an additional 62,653 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO William J. Lansing sold 6,010 shares of Fair Isaac 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 transaction, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. This represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,241 shares of company stock valued at $18,186,184. Company insiders own 3.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on FICO. JPMorgan Chase & Co. began coverage on Fair Isaac in a research note on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a report on Wednesday, February 5th. UBS Group lowered their target price 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 decreased their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

Fair Isaac Stock Up 2.6 %

Shares of Fair Isaac stock opened at $1,846.45 on Tuesday. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52. The firm has a market capitalization of $45.09 billion, a PE ratio of 84.74, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. The stock’s fifty day moving average is $1,842.79 and its 200-day moving average is $1,984.72.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. Analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

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.