Vontobel Holding Ltd. trimmed its holdings in Fair Isaac Co. (NYSE:FICO – Get Rating) by 58.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 492 shares of the technology company's stock after selling 694 shares during the period. Vontobel Holding Ltd.'s holdings in Fair Isaac were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in FICO. Inspire Investing LLC lifted its position in shares of Fair Isaac by 4.0% during the second quarter. Inspire Investing LLC now owns 524 shares of the technology company's stock valued at $210,000 after purchasing an additional 20 shares in the last quarter. Magnus Financial Group LLC lifted its position in shares of Fair Isaac by 3.6% during the second quarter. Magnus Financial Group LLC now owns 631 shares of the technology company's stock valued at $253,000 after purchasing an additional 22 shares in the last quarter. Desjardins Global Asset Management Inc. lifted its position in shares of Fair Isaac by 3.6% during the third quarter. Desjardins Global Asset Management Inc. now owns 726 shares of the technology company's stock valued at $299,000 after purchasing an additional 25 shares in the last quarter. Institute for Wealth Management LLC. lifted its position in shares of Fair Isaac by 3.8% during the second quarter. Institute for Wealth Management LLC. now owns 716 shares of the technology company's stock valued at $287,000 after purchasing an additional 26 shares in the last quarter. Finally, Advisor OS LLC lifted its position in shares of Fair Isaac by 3.4% during the third quarter. Advisor OS LLC now owns 948 shares of the technology company's stock valued at $391,000 after purchasing an additional 31 shares in the last quarter. 87.75% of the stock is owned by institutional investors.
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Fair Isaac Stock Down 1.3 %
FICO opened at $681.32 on Friday. The firm has a 50-day moving average price of $619.22 and a 200-day moving average price of $520.74. The company has a market capitalization of $17.14 billion, a price-to-earnings ratio of 45.57 and a beta of 1.27. Fair Isaac Co. has a twelve month low of $340.48 and a twelve month high of $710.00.
Fair Isaac (NYSE:FICO – Get Rating) last issued its quarterly earnings data on Wednesday, November 9th. The technology company reported $3.56 EPS for the quarter, meeting the consensus estimate of $3.56. The company had revenue of $348.75 million during the quarter, compared to analysts' expectations of $355.10 million. Fair Isaac had a net
margin of 27.59% and a negative return on equity of 47.61%. On average, sell-side analysts expect that Fair Isaac Co. will post 16.2 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently weighed in on FICO shares. Royal Bank of Canada raised their price target on shares of Fair Isaac from $463.00 to $685.00 and gave the company a "sector perform" rating in a research report on Friday, January 27th. Robert W. Baird raised their price objective on shares of Fair Isaac from $537.00 to $655.00 and gave the stock a "neutral" rating in a report on Friday, January 27th. Jefferies Financial Group raised their price objective on shares of Fair Isaac from $715.00 to $745.00 and gave the stock a "buy" rating in a report on Friday, January 27th. The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $709.00 to $807.00 and gave the stock a "buy" rating in a report on Friday, January 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Fair Isaac from $697.00 to $720.00 and gave the stock a "buy" rating in a report on Friday, January 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of "Moderate Buy" and an average target price of $727.43.
Insider Activity at Fair Isaac
In other Fair Isaac news, CAO Michael S. Leonard sold 1,934 shares of Fair Isaac stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $600.21, for a total transaction of $1,160,806.14. Following the completion of the sale, the chief accounting officer now directly owns 5,237 shares in the company, valued at $3,143,299.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Michael S. Leonard sold 1,934 shares of the business's stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $600.21, for a total value of $1,160,806.14. Following the completion of the sale, the chief accounting officer now directly owns 5,237 shares in the company, valued at approximately $3,143,299.77. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joanna Rees sold 244 shares of the business's stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $594.02, for a total transaction of $144,940.88. Following the completion of the sale, the director now owns 3,428 shares of the company's stock, valued at $2,036,300.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,563 shares of company stock valued at $20,960,664. Corporate insiders own 3.37% of the company's stock.
About Fair Isaac
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Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.
Further Reading
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