Summit Creek Advisors LLC Sells 99 Shares of Fair Isaac Co. (NYSE:FICO)

Summit Creek Advisors LLC cut its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 28.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 250 shares of the technology company’s stock after selling 99 shares during the period. Summit Creek Advisors LLC’s holdings in Fair Isaac were worth $498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FICO. Principal Financial Group Inc. boosted its stake in shares of Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after purchasing an additional 1,977 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Fair Isaac by 15.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,901 shares of the technology company’s stock valued at $5,638,000 after purchasing an additional 381 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Fair Isaac by 169.0% during the third quarter. Advisors Asset Management Inc. now owns 113 shares of the technology company’s stock valued at $220,000 after purchasing an additional 71 shares in the last quarter. Meridian Wealth Management LLC bought a new position in shares of Fair Isaac during the third quarter valued at approximately $554,000. Finally, Cerity Partners LLC boosted its stake in shares of Fair Isaac by 98.8% during the third quarter. Cerity Partners LLC now owns 1,493 shares of the technology company’s stock valued at $2,902,000 after purchasing an additional 742 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FICO. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price target on the stock. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Oppenheimer cut their price target 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. UBS Group cut their price target on shares of 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. Finally, Robert W. Baird cut their price target on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,088.15.

Insider Activity at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William J. Lansing sold 4,092 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $72,801,401.22. This trade represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,241 shares of company stock worth $18,186,184 over the last three months. Company insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

NYSE FICO opened at $1,857.48 on Monday. The company has a market capitalization of $45.36 billion, a PE ratio of 85.24, a P/E/G ratio of 3.27 and a beta of 1.41. The company has a fifty day moving average of $1,835.24 and a 200 day moving average of $1,988.23. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted its earnings results 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%. Research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

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.