Fair Isaac Co. (NYSE:FICO) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lowered its holdings in Fair Isaac Co. (NYSE:FICO) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 564 shares of the technology company’s stock after selling 17 shares during the period. Integrated Wealth Concepts LLC’s holdings in Fair Isaac were worth $1,122,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FICO. Mechanics Bank Trust Department lifted its position in shares of Fair Isaac by 5.7% during the fourth quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock worth $223,000 after purchasing an additional 6 shares in the last quarter. Alpha Cubed Investments LLC lifted its holdings in Fair Isaac by 1.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock worth $942,000 after buying an additional 6 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in Fair Isaac by 2.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock valued at $609,000 after buying an additional 6 shares during the last quarter. Mather Group LLC. grew its stake in shares of Fair Isaac by 5.2% during the fourth quarter. Mather Group LLC. now owns 122 shares of the technology company’s stock valued at $243,000 after acquiring an additional 6 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Fair Isaac by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company’s stock worth $1,236,000 after acquiring an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FICO shares. Needham & Company LLC restated a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a research note on Friday, April 11th. Bank of America assumed coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price target for the company. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Robert W. Baird dropped their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, UBS Group decreased 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. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,276.25.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 13,058 shares of company stock worth $23,119,030. Insiders own 3.46% of the company’s stock.

Fair Isaac Trading Up 0.4 %

Shares of NYSE FICO opened at $1,950.51 on Wednesday. Fair Isaac Co. has a 12-month low of $1,131.03 and a 12-month high of $2,402.52. The company has a market cap of $47.63 billion, a price-to-earnings ratio of 89.51, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. The stock’s 50 day simple moving average is $1,840.79 and its 200 day simple moving average is $1,978.31.

Fair Isaac (NYSE:FICO) last posted its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.33 by $0.48. The company had revenue of $498.74 million for the quarter, compared to analysts’ expectations of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $6.14 earnings per share. As a group, equities analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Fair Isaac 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.