Fair Isaac Co. (NYSE:FICO) is Carderock Capital Management Inc.’s 9th Largest Position

Carderock Capital Management Inc. reduced its stake in Fair Isaac Co. (NYSE:FICO) by 15.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,252 shares of the technology company’s stock after selling 935 shares during the quarter. Fair Isaac accounts for approximately 2.6% of Carderock Capital Management Inc.’s holdings, making the stock its 9th largest position. Carderock Capital Management Inc.’s holdings in Fair Isaac were worth $10,456,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac in the third quarter worth $25,000. True Wealth Design LLC boosted its holdings in Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after buying an additional 18 shares during the period. Meeder Asset Management Inc. increased its stake in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after buying an additional 6 shares in the last quarter. Versant Capital Management Inc raised its holdings in Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after acquiring an additional 20 shares during the period. Finally, Covestor Ltd lifted its position in shares of Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after acquiring an additional 6 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 3.7 %

Shares of NYSE:FICO opened at $1,897.10 on Friday. The company has a 50-day moving average price of $2,161.98 and a 200 day moving average price of $1,929.40. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.51. The company has a market cap of $46.19 billion, a price-to-earnings ratio of 92.77, a PEG ratio of 3.55 and a beta of 1.40.

Insider Activity

In other news, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the sale, the executive vice president now owns 48,895 shares of the company’s stock, valued at approximately $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the transaction, the director now directly owns 92 shares of the company’s stock, valued at approximately $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,589 shares of company stock valued at $31,258,963 in the last ninety days. Insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the subject of several research analyst reports. Needham & Company LLC increased their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group upped their target price on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group began coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price for the company. Finally, Wells Fargo & Company increased their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,087.77.

Fair Isaac Company 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.