Stony Point Capital LLC Sells 81 Shares of Fair Isaac Co. (NYSE:FICO)

Stony Point Capital LLC lessened its stake in shares of Fair Isaac Co. (NYSE:FICO) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,408 shares of the technology company’s stock after selling 81 shares during the quarter. Fair Isaac makes up 3.4% of Stony Point Capital LLC’s holdings, making the stock its 7th biggest holding. Stony Point Capital LLC’s holdings in Fair Isaac were worth $16,740,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of FICO. Rakuten Securities Inc. increased its position in Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after acquiring an additional 8 shares during the period. Pinnacle Holdings LLC bought a new position in Fair Isaac during the 4th quarter worth $26,000. Berbice Capital Management LLC acquired a new position in Fair Isaac during the 4th quarter worth about $40,000. Avalon Trust Co acquired a new stake in shares of Fair Isaac in the fourth quarter valued at about $40,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Fair Isaac in the fourth quarter valued at about $42,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 2,956 shares of the firm’s stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $74,210,495.94. This trade represents a 6.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the sale, the executive vice president now directly owns 9,974 shares of the company’s stock, valued at $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,933 shares of company stock worth $35,250,629. Insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $2,199.97 on Friday. The business has a 50-day simple moving average of $1,915.89 and a 200 day simple moving average of $1,985.51. Fair Isaac Co. has a one year low of $1,266.72 and a one year high of $2,402.52. The firm has a market capitalization of $53.55 billion, a price-to-earnings ratio of 100.96, a PEG ratio of 3.27 and a beta of 1.40.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on FICO shares. UBS Group reduced their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Bank of America started coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They set a “buy” rating and a $2,800.00 price objective for the company. Raymond James boosted their target price on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Oppenheimer increased their price target on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Finally, Barclays dropped their price objective on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,299.31.

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.