Marks Group Wealth Management Inc Sells 149 Shares of Fair Isaac Co. (NYSE:FICO)

Marks Group Wealth Management Inc decreased its stake in shares of Fair Isaac Co. (NYSE:FICO) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,943 shares of the technology company’s stock after selling 149 shares during the quarter. Fair Isaac comprises about 1.0% of Marks Group Wealth Management Inc’s portfolio, making the stock its 19th largest holding. Marks Group Wealth Management Inc’s holdings in Fair Isaac were worth $9,841,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac during the 3rd quarter valued at about $25,000. True Wealth Design LLC lifted its position in shares of Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after buying an additional 18 shares in the last quarter. Berbice Capital Management LLC bought a new position in Fair Isaac during the fourth quarter valued at approximately $40,000. Meeder Asset Management Inc. grew its holdings in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Fair Isaac by 500.0% in the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after acquiring an additional 20 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,800.34 on Wednesday. The business has a 50 day simple moving average of $1,998.01 and a two-hundred day simple moving average of $1,967.82. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The firm has a market capitalization of $43.96 billion, a PE ratio of 82.62, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Equities research analysts expect that Fair Isaac Co. will post 23.91 EPS for the current fiscal year.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc F. Mcmorris sold 520 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the transaction, the director now owns 242 shares in the company, valued at $520,921.94. The trade was a 68.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,660 shares of company stock worth $24,410,261. Insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group lowered their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company lowered their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Oppenheimer reduced their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $2,500.00 price target on shares of Fair Isaac in a report on Wednesday, February 5th. Finally, Barclays lifted 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. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $2,078.15.

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.