Marks Group Wealth Management Inc Cuts Position in Fair Isaac Co. (NYSE:FICO)

Marks Group Wealth Management Inc trimmed its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,943 shares of the technology company’s stock after selling 149 shares during the period. Fair Isaac makes up approximately 1.0% of Marks Group Wealth Management Inc’s holdings, making the stock its 19th largest position. Marks Group Wealth Management Inc’s holdings in Fair Isaac were worth $9,841,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FICO. Heritage Family Offices LLP boosted its holdings in Fair Isaac by 2.0% in the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after acquiring an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Fair Isaac by 5.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after purchasing an additional 6 shares during the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in Fair Isaac by 4.0% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock worth $301,000 after purchasing an additional 6 shares in the last quarter. Covestor Ltd grew its position in Fair Isaac by 30.0% during the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after purchasing an additional 6 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in Fair Isaac by 37.5% during 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. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Down 3.1 %

Shares of NYSE:FICO opened at $1,800.34 on Wednesday. The stock has a market capitalization of $43.96 billion, a PE ratio of 82.62, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. The firm’s 50 day moving average price is $1,998.01 and its 200-day moving average price is $1,967.82. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51.

Fair Isaac (NYSE:FICO) last released its quarterly 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 negative return on equity of 53.40% and a net margin of 30.66%. Analysts expect that Fair Isaac Co. will post 23.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the completion of the transaction, the executive vice president now owns 45,395 shares of the company’s stock, valued at approximately $107,760,920.75. This represents a 7.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steven P. Weber sold 139 shares of the firm’s 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 sale, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,660 shares of company stock valued at $24,410,261. 3.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FICO shares. Wells Fargo & Company dropped their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research report on Wednesday, February 5th. Barclays increased their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, Robert W. Baird dropped their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $2,078.15.

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.