Institute for Wealth Management LLC. Has $887,000 Stake in Fair Isaac Co. (NYSE:FICO)

Institute for Wealth Management LLC. reduced its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 762 shares of the technology company’s stock after selling 24 shares during the quarter. 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 have also made changes to their positions in FICO. SkyView Investment Advisors LLC acquired a new stake in Fair Isaac during the second quarter worth approximately $66,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Fair Isaac during the fourth quarter worth approximately $35,000. KB Financial Partners LLC acquired a new stake in Fair Isaac during the 2nd quarter worth approximately $34,000. Headlands Technologies LLC bought a new stake in Fair Isaac in the 3rd quarter valued at $42,000. Finally, Clear Street Markets LLC acquired a new position in Fair Isaac in the 1st quarter valued at $34,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $1,259.91, for a total value of $10,079,280.00. Following the sale, the chief executive officer now directly owns 28,638 shares in the company, valued at approximately $36,081,302.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 24,000 shares of company stock worth $29,011,120 over the last 90 days. Insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group lifted their target price on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Barclays boosted their price objective on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Raymond James raised their target price on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Redburn Atlantic initiated coverage on Fair Isaac in a research note on Tuesday. They issued a “neutral” rating and a $1,113.00 price target for the company. Finally, Needham & Company LLC raised their price objective on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $1,180.45.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,130.06 on Friday. Fair Isaac Co. has a 1 year low of $692.87 and a 1 year high of $1,349.75. The stock has a market capitalization of $28.08 billion, a price-to-earnings ratio of 63.17, a price-to-earnings-growth ratio of 2.57 and a beta of 1.21. The company’s 50 day simple moving average is $1,250.01 and its 200 day simple moving average is $1,138.67.

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 company had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. As a group, analysts anticipate that Fair Isaac Co. will post 19.95 EPS for the current fiscal year.

Fair Isaac 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.