Ritholtz Wealth Management Sells 868 Shares of Fair Isaac Corporation $FICO

Ritholtz Wealth Management reduced its holdings in Fair Isaac Corporation (NYSE:FICO) by 17.3% in the third quarter, HoldingsChannel reports. The firm owned 4,157 shares of the technology company’s stock after selling 868 shares during the period. Ritholtz Wealth Management’s holdings in Fair Isaac were worth $2,463,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FICO. XXEC Inc. acquired a new position in shares of Fair Isaac during the 2nd quarter valued at $33,189,000. BlackRock Inc. bought a new position in Fair Isaac in the second quarter worth approximately $2,491,517,000. Primecap Management Co. CA bought a new position in Fair Isaac in the second quarter worth approximately $433,508,000. Van ECK Associates Corp lifted its holdings in shares of Fair Isaac by 95.0% in the 2nd quarter. Van ECK Associates Corp now owns 223,798 shares of the technology company’s stock worth $267,389,000 after purchasing an additional 109,027 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Fair Isaac by 9.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 175,917 shares of the technology company’s stock valued at $187,798,000 after purchasing an additional 14,792 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Up 0.3%

FICO traded up $2.12 during trading on Friday, hitting $719.50. 502,183 shares of the company traded hands, compared to its average volume of 796,096. The firm has a market cap of $15.38 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.05 and a beta of 1.36. The stock’s fifty day moving average is $787.56 and its 200 day moving average is $1,086.55. Fair Isaac Corporation has a one year low of $586.05 and a one year high of $1,858.91.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, November 4th. The technology company reported $11.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.69 by $0.41. The business had revenue of $657.05 million during the quarter, compared to the consensus estimate of $651.73 million. Fair Isaac had a net margin of 32.94% and a negative return on equity of 28.19%. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the company posted $7.74 earnings per share. On average, equities research analysts forecast that Fair Isaac Corporation will post 40.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FICO has been the subject of several recent research reports. Robert W. Baird decreased their target price on shares of Fair Isaac from $1,549.00 to $1,070.00 and set an “outperform” rating for the company in a research report on Friday, October 2nd. Griffin Securities set a $897.00 target price on Fair Isaac in a research note on Monday, October 26th. JPMorgan Chase & Co. reduced their target price on Fair Isaac from $900.00 to $800.00 and set a “neutral” rating for the company in a report on Thursday, November 5th. Barclays dropped their price target on Fair Isaac from $875.00 to $800.00 and set an “overweight” rating on the stock in a report on Thursday, November 5th. Finally, Credit Suisse Group set a $1,150.00 price objective on Fair Isaac in a research report on Wednesday, September 30th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Hold” and a consensus target price of $917.44.

Insiders Place Their Bets

In other news, CEO William Lansing sold 10,683 shares of the stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $721.30, for a total transaction of $7,705,647.90. Following the completion of the transaction, the chief executive officer directly owned 250 shares of the company’s stock, valued at $180,325. This represents a 97.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,715 shares of company stock valued at $14,986,239 in the last 90 days. 3.02% of the stock is owned by insiders.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company. FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.