Envestnet Portfolio Solutions Inc. Decreases Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 17.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,625 shares of the technology company’s stock after selling 545 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Fair Isaac were worth $5,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Meeder Asset Management Inc. lifted its holdings in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. Mechanics Bank Trust Department lifted its holdings in Fair Isaac by 5.7% in the 4th quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock valued at $223,000 after purchasing an additional 6 shares in the last quarter. Alpha Cubed Investments LLC lifted its holdings in Fair Isaac by 1.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock valued at $942,000 after purchasing an additional 6 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in Fair Isaac by 2.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock valued at $609,000 after purchasing an additional 6 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in Fair Isaac by 5.2% in the 4th quarter. Mather Group LLC. now owns 122 shares of the technology company’s stock valued at $243,000 after purchasing an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

NYSE FICO opened at $1,811.71 on Wednesday. The company has a market cap of $44.24 billion, a P/E ratio of 83.14, a P/E/G ratio of 3.27 and a beta of 1.41. The stock has a 50-day moving average of $1,840.28 and a two-hundred day moving average of $1,985.29. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year 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 the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. On average, analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analysts Set New Price Targets

FICO has been the subject of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price for the company. Oppenheimer cut their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company cut their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $2,500.00 target price on shares of Fair Isaac in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,088.15.

Insider Buying and Selling at Fair Isaac

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

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.