Advisory Services Network LLC Sells 320 Shares of Fair Isaac Corporation $FICO

Advisory Services Network LLC decreased its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 13.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,008 shares of the technology company’s stock after selling 320 shares during the period. Advisory Services Network LLC’s holdings in Fair Isaac were worth $3,671,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FICO. Artisan Partners Limited Partnership acquired a new position in Fair Isaac during the second quarter worth $84,295,000. Brighton Jones LLC grew its holdings in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after buying an additional 302 shares during the last quarter. Andra AP fonden increased its position in shares of Fair Isaac by 51.1% during the second quarter. Andra AP fonden now owns 21,000 shares of the technology company’s stock worth $38,387,000 after acquiring an additional 7,100 shares in the last quarter. West Family Investments Inc. acquired a new stake in shares of Fair Isaac in the 2nd quarter worth about $510,000. Finally, Swiss National Bank lifted its position in Fair Isaac by 7.6% in the 2nd quarter. Swiss National Bank now owns 73,900 shares of the technology company’s stock valued at $135,086,000 after acquiring an additional 5,200 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Zacks Research downgraded Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Needham & Company LLC restated a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a research note on Thursday, October 2nd. Jefferies Financial Group lowered their target price on Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, UBS Group increased their price target on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,076.77.

Fair Isaac Price Performance

NYSE:FICO opened at $1,792.71 on Wednesday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,217.60. The stock’s fifty day moving average price is $1,713.59 and its two-hundred day moving average price is $1,633.80. The company has a market cap of $42.51 billion, a P/E ratio of 67.52, a P/E/G ratio of 2.00 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.36 by $0.38. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The company had revenue of $515.75 million for the quarter, compared to analyst estimates of $512.38 million. During the same period in the previous year, the company posted $6.54 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 2,400 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the transaction, the chief executive officer owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. This represents a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eva Manolis sold 521 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total value of $951,257.43. Following the completion of the sale, the director owned 344 shares in the company, valued at $628,085.52. This trade represents a 60.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 8,932 shares of company stock worth $14,936,283. Insiders own 3.46% of the company’s stock.

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.