Empowered Funds LLC Reduces Position in Fair Isaac Co. (NYSE:FICO)

Empowered Funds LLC reduced its position in Fair Isaac Co. (NYSE:FICO) by 12.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,950 shares of the technology company’s stock after selling 713 shares during the period. Empowered Funds LLC’s holdings in Fair Isaac were worth $9,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac during the third quarter valued at approximately $25,000. True Wealth Design LLC boosted its holdings in Fair Isaac by 900.0% during 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 period. Berbice Capital Management LLC bought a new position in Fair Isaac in the 4th quarter valued at $40,000. Meeder Asset Management Inc. increased its stake in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after purchasing an additional 20 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the transaction, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This represents a 5.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the completion of the transaction, the executive vice president now owns 48,895 shares of the company’s stock, valued at $113,456,446.95. This trade represents a 6.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,660 shares of company stock valued at $24,410,261. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,858.97 on Monday. The business has a fifty day moving average price of $2,018.44 and a 200 day moving average price of $1,964.49. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The stock has a market capitalization of $45.40 billion, a P/E ratio of 85.31, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 EPS 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%. As a group, equities research analysts anticipate that Fair Isaac Co. will post 23.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

FICO has been the topic of a number of research analyst reports. Robert W. Baird cut their price target on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group raised their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group decreased their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. 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 price objective on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $2,078.15.

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.