Legacy Capital Group California Inc. Decreases Stock Position in Fair Isaac Co. (NYSE:FICO)

Legacy Capital Group California Inc. trimmed its position in shares of Fair Isaac Co. (NYSE:FICO) by 20.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 203 shares of the technology company’s stock after selling 52 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Fair Isaac were worth $404,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in FICO. First National Bank of Omaha purchased a new position in Fair Isaac in the 3rd quarter worth approximately $1,576,000. National Bank of Canada FI lifted its position in Fair Isaac by 51.9% during the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock worth $38,514,000 after buying an additional 6,768 shares in the last quarter. Donoghue Forlines LLC acquired a new position in Fair Isaac during the fourth quarter worth $1,935,000. BNP Paribas acquired a new position in Fair Isaac during the third quarter worth $445,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in Fair Isaac by 86.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock valued at $1,477,000 after buying an additional 352 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Down 1.7 %

NYSE:FICO opened at $1,697.04 on Friday. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.51. The stock’s fifty day moving average is $1,919.33 and its two-hundred day moving average is $1,972.35. The stock has a market capitalization of $41.44 billion, a price-to-earnings ratio of 77.88, a price-to-earnings-growth ratio of 3.33 and a beta of 1.39.

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 the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, sell-side analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Activity

In other Fair Isaac news, Director Marc F. Mcmorris sold 520 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the sale, the director now owns 242 shares in the company, valued at $520,921.94. This represents a 68.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James M. Wehmann sold 3,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the completion of the sale, the executive vice president now directly owns 51,911 shares in the company, valued at $113,954,508.09. This represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,170 shares of company stock valued at $27,132,248. 3.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FICO. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Wells Fargo & Company reduced their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Needham & Company LLC reissued a “buy” rating and issued a $2,500.00 price target on shares of Fair Isaac in a research note on Wednesday, February 5th. UBS Group reduced 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 research report on Monday, January 27th. Finally, JPMorgan Chase & Co. initiated coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Fair Isaac 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.