Fair Isaac Co. (NYSE:FICO) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC decreased its stake in Fair Isaac Co. (NYSE:FICO) by 49.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,638 shares of the technology company’s stock after selling 1,601 shares during the quarter. NewEdge Wealth LLC’s holdings in Fair Isaac were worth $3,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FICO. Capital Performance Advisors LLP acquired a new stake in shares of Fair Isaac in the third quarter valued at about $25,000. True Wealth Design LLC raised its position in Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after acquiring an additional 18 shares during the last quarter. Berbice Capital Management LLC acquired a new position in Fair Isaac during the fourth quarter worth about $40,000. Meeder Asset Management Inc. raised its position in Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after acquiring an additional 6 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FICO. Jefferies Financial Group cut their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $2,040.00 to $2,170.00 in a research report on Wednesday. The Goldman Sachs Group boosted their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company decreased their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group decreased their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,088.15.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $1,884.63 on Friday. The firm has a market cap of $46.02 billion, a price-to-earnings ratio of 86.49, a PEG ratio of 3.27 and a beta of 1.39. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.52. The stock’s 50-day simple moving average is $1,892.09 and its 200-day simple moving average is $1,976.67.

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

Insider Buying and Selling at Fair Isaac

In other news, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the completion of the transaction, the executive vice president now directly owns 45,395 shares in the company, valued at approximately $107,760,920.75. The trade was a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 of the company’s stock, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,170 shares of company stock worth $27,132,248 over the last ninety days. Company insiders own 3.46% of the company’s stock.

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.