Aspen Investment Management Inc Sells 10 Shares of Fair Isaac Co. (NYSE:FICO)

Aspen Investment Management Inc trimmed its holdings in Fair Isaac Co. (NYSE:FICO) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,420 shares of the technology company’s stock after selling 10 shares during the quarter. Fair Isaac accounts for about 1.3% of Aspen Investment Management Inc’s holdings, making the stock its 18th biggest holding. Aspen Investment Management Inc’s holdings in Fair Isaac were worth $2,827,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FICO. International Assets Investment Management LLC boosted its holdings in Fair Isaac by 189,461.6% during the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after acquiring an additional 538,071 shares during the period. AustralianSuper Pty Ltd lifted its position in Fair Isaac by 1,270.9% in the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock valued at $142,413,000 after purchasing an additional 67,931 shares during the last quarter. FMR LLC boosted its stake in shares of Fair Isaac by 46.1% during 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. Jennison Associates LLC grew its holdings in shares of Fair Isaac by 35.1% in the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock worth $468,677,000 after purchasing an additional 62,653 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its stake in shares of Fair Isaac by 1,845.2% in the third quarter. Mizuho Securities USA LLC now owns 37,133 shares of the technology company’s stock worth $72,169,000 after buying an additional 35,224 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fair Isaac

In related news, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the transaction, the executive vice president now owns 45,395 shares in the company, valued at $107,760,920.75. The trade was a 7.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,170 shares of company stock valued at $27,132,248. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,724.97 on Friday. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The firm has a market capitalization of $42.12 billion, a P/E ratio of 79.16, a P/E/G ratio of 3.40 and a beta of 1.39. The stock has a 50 day moving average price of $1,928.65 and a 200-day moving average price of $1,971.56.

Fair Isaac (NYSE:FICO) last released its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, equities analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analyst Ratings Changes

FICO has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. Barclays upped their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Oppenheimer dropped their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $2,078.15.

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.