Fair Isaac Co. (NYSE:FICO) Shares Sold by Signaturefd LLC

Signaturefd LLC cut its stake in Fair Isaac Co. (NYSE:FICO) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the 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 SEC filing.

Several other hedge funds have also modified their holdings of FICO. CWM LLC boosted its position in shares of Fair Isaac by 8.1% in the third quarter. CWM LLC now owns 174 shares of the technology company’s stock worth $151,000 after acquiring an additional 13 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Fair Isaac by 154.8% in the third quarter. Global Retirement Partners LLC now owns 186 shares of the technology company’s stock valued at $160,000 after buying an additional 113 shares during the period. Meridian Wealth Management LLC purchased a new position in Fair Isaac in the third quarter valued at approximately $568,000. Exchange Traded Concepts LLC raised its holdings in Fair Isaac by 30.1% in the third quarter. Exchange Traded Concepts LLC now owns 2,162 shares of the technology company’s stock valued at $1,878,000 after buying an additional 500 shares during the period. Finally, Hanlon Investment Management Inc. raised its holdings in Fair Isaac by 15.3% in the third quarter. Hanlon Investment Management Inc. now owns 362 shares of the technology company’s stock valued at $314,000 after buying an additional 48 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FICO. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a report on Monday. Raymond James raised their price target on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $1,350.00 price target on shares of Fair Isaac in a report on Friday, January 26th. Barclays raised their price target 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. Finally, 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 research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,180.45.

Fair Isaac Stock Up 3.3 %

FICO opened at $1,188.40 on Wednesday. The firm’s 50 day moving average is $1,245.39 and its 200-day moving average is $1,147.01. The firm has a market capitalization of $29.53 billion, a P/E ratio of 66.43, a P/E/G ratio of 2.55 and a beta of 1.21. Fair Isaac Co. has a 52-week low of $708.00 and a 52-week high of $1,349.75.

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

Insider Buying and Selling

In related news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the sale, the chief executive officer now owns 20,638 shares in the company, valued at $25,300,743.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 24,000 shares of company stock worth $29,011,120. Insiders own 3.54% 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.