Envestnet Portfolio Solutions Inc. Decreases Holdings in Fair Isaac Corporation $FICO

Envestnet Portfolio Solutions Inc. lowered its position in Fair Isaac Corporation (NYSE:FICO) by 27.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,625 shares of the technology company’s stock after selling 605 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Fair Isaac were worth $2,432,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at about $26,000. ORG Partners LLC purchased a new stake in Fair Isaac during the second quarter valued at approximately $27,000. Hilltop National Bank purchased a new stake in Fair Isaac during the second quarter valued at approximately $27,000. Ransom Advisory Ltd bought a new position in Fair Isaac in the third quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Fair Isaac by 66.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 8 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the company’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 transaction of $4,158,912.00. Following the sale, the chief executive officer directly owned 10,933 shares in the company, valued at $18,945,577.04. This represents a 18.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Steven P. Weber sold 1,426 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total value of $2,581,060.00. Following the completion of the sale, the chief financial officer directly owned 2,804 shares of the company’s stock, valued at $5,075,240. The trade was a 33.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 4,347 shares of company stock worth $7,691,229. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO opened at $1,549.95 on Tuesday. The stock has a market capitalization of $36.83 billion, a PE ratio of 58.38, a P/E/G ratio of 1.65 and a beta of 1.30. The company’s fifty day moving average is $1,703.65 and its 200 day moving average is $1,604.99. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,217.60.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, beating 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 business 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 earnings per share. Fair Isaac’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $1,950.00 price objective on shares of Fair Isaac in a research report on Thursday, October 2nd. Robert W. Baird lifted their price target on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Seaport Research Partners upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Zacks Research downgraded shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $2,092.15.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.