Fair Isaac Co. (NYSE:FICO) Shares Sold by Global Assets Advisory LLC

Global Assets Advisory LLC trimmed its holdings in Fair Isaac Co. (NYSE:FICO) by 21.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 329 shares of the technology company’s stock after selling 91 shares during the period. Global Assets Advisory LLC’s holdings in Fair Isaac were worth $657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its position in shares of Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after acquiring an additional 8 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Fair Isaac in the 4th quarter valued at $26,000. Berbice Capital Management LLC purchased a new stake in shares of Fair Isaac during the 4th quarter valued at $40,000. Avalon Trust Co acquired a new stake in shares of Fair Isaac during the 4th quarter worth $40,000. Finally, OFI Invest Asset Management purchased a new position in shares of Fair Isaac in the 4th quarter worth $42,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 2,956 shares of the company’s stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $74,210,495.94. This represents a 6.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the sale, the executive vice president now owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,135 shares of company stock valued at $31,505,623 in the last quarter. Insiders own 3.46% of the company’s stock.

Fair Isaac Stock Down 0.8 %

NYSE:FICO opened at $2,089.01 on Friday. Fair Isaac Co. has a 52 week low of $1,266.72 and a 52 week high of $2,402.52. The company has a market cap of $50.85 billion, a PE ratio of 95.87, a P/E/G ratio of 3.27 and a beta of 1.40. The business’s 50 day moving average is $1,879.31 and its two-hundred day moving average is $1,980.37.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping analysts’ consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.14 earnings per share. As a group, sell-side analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Raymond James boosted their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Jefferies Financial Group dropped their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Barclays cut their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, Bank of America started coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,268.54.

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.