EverSource Wealth Advisors LLC Sells 15 Shares of Fair Isaac Co. (NYSE:FICO)

EverSource Wealth Advisors LLC cut its stake in Fair Isaac Co. (NYSE:FICO) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 320 shares of the technology company’s stock after selling 15 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Fair Isaac were worth $637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC grew its position in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares during the period. Berbice Capital Management LLC acquired a new position in shares of Fair Isaac in the 4th quarter valued at approximately $40,000. Meeder Asset Management Inc. grew its position in shares of Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares during the period. OFI Invest Asset Management acquired a new position in shares of Fair Isaac in the 4th quarter valued at approximately $42,000. Finally, Versant Capital Management Inc grew its position in shares of Fair Isaac by 500.0% in the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after purchasing an additional 20 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of the 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 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. This represents a 12.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marc F. Mcmorris sold 520 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the completion of the sale, the director now owns 242 shares in the company, valued at approximately $520,921.94. This trade represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,761 shares of company stock valued at $19,305,521. 3.46% of the stock is owned by insiders.

Fair Isaac Trading Down 2.1 %

NYSE FICO opened at $1,741.96 on Friday. The company has a market cap of $42.54 billion, a PE ratio of 79.94, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.52. The stock has a 50 day moving average of $1,853.61 and a 200-day moving average of $1,981.09.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 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%. As a group, sell-side analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FICO has been the subject of several research analyst reports. Robert W. Baird decreased their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. began coverage on Fair Isaac in a research report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective for the company. 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. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group upped their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research report on Thursday, December 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, the company has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

About Fair Isaac

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.