Institute for Wealth Management LLC. Cuts Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Institute for Wealth Management LLC. cut its stake in shares of Fair Isaac Co. (NYSE:FICO) by 3.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 762 shares of the technology company’s stock after selling 24 shares during the period. Institute for Wealth Management LLC.’s holdings in Fair Isaac were worth $887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FICO. Private Advisor Group LLC acquired a new stake in Fair Isaac during the 1st quarter worth approximately $324,000. PNC Financial Services Group Inc. raised its stake in shares of Fair Isaac by 3.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,845 shares of the technology company’s stock valued at $860,000 after acquiring an additional 54 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Fair Isaac by 423.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293 shares of the technology company’s stock valued at $137,000 after acquiring an additional 237 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Fair Isaac by 0.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 20,658 shares of the technology company’s stock worth $9,998,000 after purchasing an additional 135 shares during the period. Finally, Raymond James Trust N.A. increased its holdings in Fair Isaac by 12.4% in the 1st quarter. Raymond James Trust N.A. now owns 964 shares of the technology company’s stock valued at $449,000 after purchasing an additional 106 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the sale, the chief executive officer now owns 12,638 shares in the company, valued at $14,414,270.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 24,000 shares of company stock valued at $29,011,120 over the last ninety days. 3.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Fair Isaac Stock Down 2.8 %

Shares of NYSE FICO opened at $1,130.06 on Friday. The stock’s 50 day moving average price is $1,250.01 and its two-hundred day moving average price is $1,138.67. The stock has a market capitalization of $28.08 billion, a P/E ratio of 63.17, a PEG ratio of 2.57 and a beta of 1.21. Fair Isaac Co. has a 52-week low of $692.87 and a 52-week high of $1,349.75.

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

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.