Geneva Capital Management LLC Has $11.84 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Geneva Capital Management LLC cut its stake in Fair Isaac Co. (NYSE:FICO) by 80.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,946 shares of the technology company’s stock after selling 24,653 shares during the period. Geneva Capital Management LLC’s holdings in Fair Isaac were worth $11,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Covestor Ltd boosted its stake in Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after purchasing an additional 6 shares during the period. Meeder Asset Management Inc. boosted its stake in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the period. Mechanics Bank Trust Department boosted its stake in shares of Fair Isaac by 5.7% during the 4th quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock worth $223,000 after buying an additional 6 shares during the last quarter. Alpha Cubed Investments LLC boosted its stake in shares of Fair Isaac by 1.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock worth $942,000 after buying an additional 6 shares during the last quarter. Finally, Resonant Capital Advisors LLC boosted its stake in shares of Fair Isaac by 2.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock worth $609,000 after buying an additional 6 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,670 shares of company stock valued at $18,823,773 in the last three months. 3.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FICO has been the subject of a number of recent research reports. Barclays increased their price objective on shares of 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. Wells Fargo & Company reduced 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. UBS Group reduced 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. Oppenheimer reduced their price objective on shares of 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. Finally, Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,088.15.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,874.14 on Thursday. The stock has a market cap of $45.76 billion, a price-to-earnings ratio of 86.01, a PEG ratio of 3.27 and a beta of 1.39. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The firm’s 50-day moving average is $1,883.11 and its 200-day moving average is $1,981.04.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results 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%. Sell-side analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal 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.