Canopy Partners LLC Sells 87 Shares of Fair Isaac Co. (NYSE:FICO)

Canopy Partners LLC cut its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 363 shares of the technology company’s stock after selling 87 shares during the period. Canopy Partners LLC’s holdings in Fair Isaac were worth $723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of FICO. Bank of Montreal Can boosted its stake in Fair Isaac by 17.5% in the fourth quarter. Bank of Montreal Can now owns 25,545 shares of the technology company’s stock valued at $50,858,000 after acquiring an additional 3,807 shares during the last quarter. Polymer Capital Management US LLC acquired a new position in shares of Fair Isaac in the 4th quarter valued at $649,000. Cerity Partners LLC boosted its position in shares of Fair Isaac by 5.0% in the 4th quarter. Cerity Partners LLC now owns 1,568 shares of the technology company’s stock worth $3,093,000 after purchasing an additional 75 shares during the last quarter. Federated Hermes Inc. increased its holdings in Fair Isaac by 134.7% in the fourth quarter. Federated Hermes Inc. now owns 20,595 shares of the technology company’s stock valued at $41,003,000 after purchasing an additional 11,819 shares during the last quarter. Finally, Alcosta Capital Management Inc. lifted its stake in Fair Isaac by 0.3% in the fourth quarter. Alcosta Capital Management Inc. now owns 3,279 shares of the technology company’s stock valued at $6,528,000 after buying an additional 9 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,681.51 on Monday. The stock has a 50-day simple moving average of $1,823.53 and a 200 day simple moving average of $1,989.53. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.52. The company has a market cap of $41.06 billion, a PE ratio of 77.17, a PEG ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO) last issued 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%. On average, research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of analysts have recently commented on FICO shares. UBS Group lowered their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. JPMorgan Chase & Co. began coverage on shares of 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. Robert W. Baird reduced 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 research report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,080.46.

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.