Wealth Enhancement Advisory Services LLC Sells 3,482 Shares of Fair Isaac Corporation $FICO

Wealth Enhancement Advisory Services LLC decreased its position in Fair Isaac Corporation (NYSE:FICO) by 39.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,413 shares of the technology company’s stock after selling 3,482 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Fair Isaac were worth $8,101,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after acquiring an additional 302 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in shares of Fair Isaac by 5.7% in the 1st quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock valued at $207,000 after purchasing an additional 6 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Fair Isaac by 46.1% in the 1st quarter. Woodline Partners LP now owns 2,138 shares of the technology company’s stock valued at $3,943,000 after purchasing an additional 675 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Fair Isaac by 60.7% in the 2nd quarter. Park Avenue Securities LLC now owns 638 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 241 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Fair Isaac by 5.4% during the second quarter. Fifth Third Bancorp now owns 413 shares of the technology company’s stock valued at $755,000 after purchasing an additional 21 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Eva Manolis sold 521 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 344 shares of the company’s stock, valued at $628,085.52. This represents a 60.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 1,426 shares of the 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 transaction, the chief financial officer owned 2,804 shares in the company, valued at $5,075,240. This trade represents a 33.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,347 shares of company stock worth $7,691,229 in the last ninety days. Company insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FICO. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Robert W. Baird boosted their price target on Fair Isaac from $1,900.00 to $1,960.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Barclays raised their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Wells Fargo & Company increased their price target on shares of Fair Isaac from $2,400.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Nine equities research analysts have rated the stock with 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 an average rating of “Moderate Buy” and a consensus target price of $2,092.15.

Fair Isaac Trading Down 1.0%

Shares of NYSE:FICO opened at $1,542.02 on Friday. The company has a market cap of $36.64 billion, a PE ratio of 58.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,217.60. The company’s 50 day moving average is $1,707.92 and its 200 day moving average is $1,605.17.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $512.38 million. During the same period in the prior year, the firm posted $6.54 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. Equities research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac Profile

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.