Solidarity Wealth LLC Reduces Stock Position in Fair Isaac Co. (NYSE:FICO)

Solidarity Wealth LLC lessened its stake in shares of Fair Isaac Co. (NYSE:FICO) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,920 shares of the technology company’s stock after selling 352 shares during the quarter. Fair Isaac makes up approximately 2.0% of Solidarity Wealth LLC’s holdings, making the stock its 16th largest holding. Solidarity Wealth LLC’s holdings in Fair Isaac were worth $7,804,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FICO. Capital Performance Advisors LLP acquired a new stake in Fair Isaac in the 3rd quarter worth about $25,000. True Wealth Design LLC lifted its stake in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Fair Isaac by 500.0% in the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after purchasing an additional 20 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after purchasing an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FICO. Oppenheimer reduced their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company boosted their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays boosted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $2,087.77.

Insider Activity

In other news, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, the director now owns 92 shares in the company, valued at $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the completion of the sale, the executive vice president now owns 48,895 shares of the company’s stock, valued at approximately $113,456,446.95. This trade represents a 6.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,589 shares of company stock worth $31,258,963. 3.54% of the stock is currently owned by insiders.

Fair Isaac Trading Down 3.7 %

Shares of NYSE FICO opened at $1,897.10 on Tuesday. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51. The company has a market capitalization of $46.19 billion, a price-to-earnings ratio of 92.77, a price-to-earnings-growth ratio of 3.50 and a beta of 1.40. The business has a 50 day simple moving average of $2,152.86 and a 200-day simple moving average of $1,937.65.

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.