868 Fair Isaac Corporation $FICO Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its holdings in Fair Isaac Corporation (NYSE:FICO) by 17.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,157 shares of the technology company’s stock after selling 868 shares during the period. Ritholtz Wealth Management’s holdings in Fair Isaac were worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Western Wealth Management LLC bought a new stake in shares of Fair Isaac during the 1st quarter valued at $29,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Fair Isaac during the 2nd quarter worth $30,000. Versant Capital Management Inc increased its holdings in Fair Isaac by 52.3% in the 3rd quarter. Versant Capital Management Inc now owns 67 shares of the technology company’s stock valued at $40,000 after buying an additional 23 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of Fair Isaac by 28.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 167 shares of the technology company’s stock worth $99,000 after acquiring an additional 37 shares during the period. Finally, Clearstead Trust LLC bought a new stake in shares of Fair Isaac during the 2nd quarter worth approximately $100,000. 85.75% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO William Lansing sold 10,683 shares of the company’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $721.30, for a total value of $7,705,647.90. Following the sale, the chief executive officer directly owned 250 shares of the company’s stock, valued at approximately $180,325. This represents a 97.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 20,715 shares of company stock valued at $14,986,239. 3.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FICO. Raymond James Financial lowered their price target on Fair Isaac from $1,750.00 to $1,230.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Zacks Research upgraded shares of Fair Isaac from a “strong sell” rating to a “hold” rating in a research report on Thursday. Weiss Ratings downgraded Fair Isaac from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Barclays dropped their price target on shares of Fair Isaac from $875.00 to $800.00 and set an “overweight” rating for the company in a research note on Thursday, November 5th. Finally, Credit Suisse Group set a $1,150.00 price objective on Fair Isaac in a report on Wednesday, September 30th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Fair Isaac has a consensus rating of “Hold” and an average price target of $917.44.

Fair Isaac Trading Up 0.3%

FICO stock traded up $2.12 during trading on Friday, hitting $719.50. The company had a trading volume of 502,183 shares, compared to its average volume of 796,096. The business has a 50-day moving average of $787.56 and a 200-day moving average of $1,086.55. Fair Isaac Corporation has a one year low of $586.05 and a one year high of $1,858.91. The stock has a market cap of $15.38 billion, a PE ratio of 19.81, a PEG ratio of 1.05 and a beta of 1.36.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, November 4th. The technology company reported $11.10 earnings per share for the quarter, beating analysts’ consensus estimates of $10.69 by $0.41. The business had revenue of $657.05 million during the quarter, compared to the consensus estimate of $651.73 million. Fair Isaac had a net margin of 32.94% and a negative return on equity of 28.19%. During the same quarter in the prior year, the firm posted $7.74 EPS. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. Research analysts forecast that Fair Isaac Corporation will post 40.32 EPS for the current year.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company. FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.