Corient Private Wealth LLC Sells 565 Shares of Fair Isaac Corporation $FICO

Corient Private Wealth LLC cut its holdings in Fair Isaac Corporation (NYSE:FICO) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,396 shares of the technology company’s stock after selling 565 shares during the quarter. Corient Private Wealth LLC owned approximately 0.06% of Fair Isaac worth $28,143,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. bought a new position in shares of Fair Isaac in the second quarter worth about $26,000. Geo Capital Gestora de Recursos Ltd bought a new stake in shares of Fair Isaac during the first quarter worth $28,000. ORG Partners LLC bought a new stake in shares of Fair Isaac during the second quarter worth $27,000. Hilltop National Bank acquired a new position in shares of Fair Isaac during the second quarter worth $27,000. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Fair Isaac in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of research reports. Zacks Research lowered Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Robert W. Baird upped their price objective on Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. lifted their target price on shares of Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, Jefferies Financial Group reduced their target price on shares of Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,076.77.

Insiders Place Their Bets

In related news, Director Eva Manolis sold 521 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the sale, the director owned 344 shares in the company, valued at $628,085.52. This represents a 60.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Lansing sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the sale, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at $18,945,577.04. This represents a 18.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,932 shares of company stock worth $14,936,283 in the last ninety days. Insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Fair Isaac stock opened at $1,753.74 on Thursday. The stock’s 50 day moving average is $1,714.76 and its 200 day moving average is $1,634.64. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,217.60. The firm has a market cap of $41.58 billion, a P/E ratio of 66.05, a P/E/G ratio of 1.99 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.36 by $0.38. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The firm had revenue of $515.75 million during the quarter, compared to analyst estimates of $512.38 million. During the same quarter last year, the business earned $6.54 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. Equities analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share 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.