Signaturefd LLC Trims Stock Position in Fair Isaac Co. (NYSE:FICO)

Signaturefd LLC lessened its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 524 shares of the technology company’s stock after selling 20 shares during the period. Signaturefd LLC’s holdings in Fair Isaac were worth $610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FICO. Lindbrook Capital LLC increased its holdings in Fair Isaac by 33.3% in the fourth quarter. Lindbrook Capital LLC now owns 60 shares of the technology company’s stock valued at $70,000 after buying an additional 15 shares in the last quarter. abrdn plc increased its holdings in Fair Isaac by 33.1% in the fourth quarter. abrdn plc now owns 14,524 shares of the technology company’s stock valued at $16,906,000 after buying an additional 3,611 shares in the last quarter. Resonant Capital Advisors LLC purchased a new position in Fair Isaac in the fourth quarter valued at $281,000. Dock Street Asset Management Inc. increased its holdings in Fair Isaac by 0.6% in the fourth quarter. Dock Street Asset Management Inc. now owns 16,762 shares of the technology company’s stock valued at $19,511,000 after buying an additional 94 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Fair Isaac by 76.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 60 shares of the technology company’s stock valued at $70,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the subject of a number of recent analyst reports. Barclays lifted 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. Jefferies Financial Group lifted their price objective 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. Redburn Atlantic started coverage on shares of Fair Isaac in a report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective for the company. Raymond James lifted their target price on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,180.45.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction dated 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 transaction, the chief executive officer now directly owns 12,638 shares of the company’s stock, valued at $14,414,270.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 24,000 shares of company stock valued at $29,011,120 over the last ninety days. Company insiders own 3.54% of the company’s stock.

Fair Isaac Trading Up 3.3 %

FICO opened at $1,188.40 on Wednesday. The firm has a market capitalization of $29.53 billion, a PE ratio of 66.43, a PEG ratio of 2.55 and a beta of 1.21. Fair Isaac Co. has a twelve month low of $708.00 and a twelve month high of $1,349.75. The firm’s 50-day moving average price is $1,245.39 and its 200 day moving average price is $1,147.01.

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