SVB Wealth LLC Lowers Holdings in Fair Isaac Co. (NYSE:FICO)

SVB Wealth LLC reduced its stake in Fair Isaac Co. (NYSE:FICO) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 438 shares of the technology company’s stock after selling 62 shares during the period. SVB Wealth LLC’s holdings in Fair Isaac were worth $510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Flputnam Investment Management Co. bought a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $355,000. Mackenzie Financial Corp increased its holdings in shares of Fair Isaac by 12.7% in the 4th quarter. Mackenzie Financial Corp now owns 9,335 shares of the technology company’s stock worth $10,866,000 after purchasing an additional 1,054 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Fair Isaac in the 4th quarter worth $249,000. Vontobel Holding Ltd. raised its stake in shares of Fair Isaac by 6.7% in the fourth quarter. Vontobel Holding Ltd. now owns 898 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 56 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Fair Isaac during the fourth quarter valued at $1,746,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Down 2.8 %

Shares of FICO opened at $1,130.06 on Friday. Fair Isaac Co. has a 52 week low of $692.87 and a 52 week high of $1,349.75. The stock has a market cap of $28.08 billion, a price-to-earnings ratio of 63.17, a PEG ratio of 2.57 and a beta of 1.21. The business has a 50-day simple moving average of $1,250.01 and a two-hundred day simple moving average of $1,140.79.

Fair Isaac (NYSE:FICO) last issued its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.11. The company had revenue of $382.06 million during the quarter, compared to the consensus estimate of $386.55 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. On average, equities analysts anticipate that Fair Isaac Co. will post 19.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,638 shares in the company, valued at approximately $14,414,270.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 24,000 shares of company stock worth $29,011,120. 3.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays boosted their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $1,350.00 price objective on shares of Fair Isaac in a report on Friday, January 26th. Raymond James increased their price objective on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Needham & Company LLC lifted their target price on shares of Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Jefferies Financial Group raised their price target on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,180.45.

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.