EFG Asset Management Americas Corp. Cuts Position in Fair Isaac Co. (NYSE:FICO)

EFG Asset Management Americas Corp. decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 32.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,591 shares of the technology company’s stock after selling 750 shares during the period. EFG Asset Management Americas Corp.’s holdings in Fair Isaac were worth $3,168,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Edgestream Partners L.P. lifted its stake in shares of Fair Isaac by 4.4% in the fourth quarter. Edgestream Partners L.P. now owns 805 shares of the technology company’s stock worth $1,603,000 after buying an additional 34 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in Fair Isaac by 1.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 403 shares of the technology company’s stock worth $802,000 after buying an additional 6 shares in the last quarter. E Fund Management Co. Ltd. grew its stake in shares of Fair Isaac by 15.5% in the fourth quarter. E Fund Management Co. Ltd. now owns 903 shares of the technology company’s stock worth $1,798,000 after acquiring an additional 121 shares during the period. Candriam S.C.A. lifted its holdings in shares of Fair Isaac by 233.4% during the 4th quarter. Candriam S.C.A. now owns 7,871 shares of the technology company’s stock valued at $15,671,000 after buying an additional 5,510 shares during the period. Finally, Inceptionr LLC bought a new stake in shares of Fair Isaac in the fourth quarter worth $325,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In other news, CFO Steven P. Weber sold 139 shares of the stock in a transaction dated Thursday, January 9th. The shares were 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 completion of 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. Insiders 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.

Wall Street Analyst Weigh In

FICO has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday, February 5th. Jefferies Financial Group lowered their price target on 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. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. The Goldman Sachs Group raised 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 research note on Thursday, December 5th. Finally, Wells Fargo & Company reduced their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Four 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, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $2,088.15.

Fair Isaac Stock Down 3.0 %

Shares of FICO opened at $1,817.40 on Friday. The company has a market capitalization of $44.38 billion, a price-to-earnings ratio of 83.41, 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 stock’s 50-day moving average price is $1,878.49 and its 200-day moving average price is $1,980.30.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data 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 net margin of 30.66% and a negative return on equity of 53.40%. As a group, equities analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

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.