EFG Asset Management North America Corp. Sells 890 Shares of Fair Isaac Co. (NYSE:FICO)

EFG Asset Management North America Corp. lowered its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 37.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,476 shares of the technology company’s stock after selling 890 shares during the period. EFG Asset Management North America Corp.’s holdings in Fair Isaac were worth $2,937,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in FICO. Rakuten Securities Inc. boosted its position in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after buying an additional 8 shares during the period. True Wealth Design LLC lifted its stake in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after acquiring an additional 18 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in Fair Isaac during the 4th quarter valued at about $40,000. Avalon Trust Co bought a new position in Fair Isaac during the 4th quarter worth approximately $40,000. Finally, OFI Invest Asset Management purchased a new position in Fair Isaac in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on FICO shares. Oppenheimer cut their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group raised their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, February 5th. Jefferies Financial Group cut their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Robert W. Baird lowered their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $2,088.15.

Fair Isaac Stock Up 2.6 %

Shares of FICO stock opened at $1,900.76 on Tuesday. The business’s fifty day moving average is $1,835.05 and its 200 day moving average is $1,989.24. The stock has a market cap of $46.41 billion, a price-to-earnings ratio of 87.23, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.52.

Fair Isaac (NYSE:FICO) last released its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. Equities research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 4,092 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the transaction, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,241 shares of company stock valued at $18,186,184. Corporate insiders own 3.46% of the company’s stock.

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.