Louisiana State Employees Retirement System Decreases Stake in Fair Isaac Co. (NYSE:FICO)

Louisiana State Employees Retirement System lowered its position in Fair Isaac Co. (NYSE:FICO) by 7.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,300 shares of the technology company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Fair Isaac were worth $2,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Soltis Investment Advisors LLC purchased a new position in Fair Isaac in the 4th quarter valued at $2,449,000. Kestra Private Wealth Services LLC lifted its holdings in Fair Isaac by 38.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 299 shares of the technology company’s stock valued at $595,000 after purchasing an additional 83 shares in the last quarter. Clarity Wealth Advisors LLC lifted its holdings in Fair Isaac by 44.0% in the 4th quarter. Clarity Wealth Advisors LLC now owns 422 shares of the technology company’s stock valued at $840,000 after purchasing an additional 129 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Fair Isaac in the 4th quarter valued at $74,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Fair Isaac by 2.4% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,869 shares of the technology company’s stock valued at $5,712,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price for the company. Oppenheimer cut their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Barclays raised their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, Robert W. Baird cut their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,078.15.

Insider Activity

In related 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,670 shares of company stock worth $35,253,683. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,803.38 on Friday. The business has a 50-day moving average of $1,974.56 and a 200 day moving average of $1,965.25. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.51. The stock has a market capitalization of $44.04 billion, a price-to-earnings ratio of 82.76, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last announced 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 net margin of 30.66% and a negative return on equity of 53.40%. Equities research analysts anticipate that Fair Isaac Co. will post 23.91 earnings per share 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.