Envestnet Portfolio Solutions Inc. Trims Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Envestnet Portfolio Solutions Inc. lowered its position in Fair Isaac Co. (NYSE:FICO) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,625 shares of the technology company’s stock after selling 545 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Fair Isaac were worth $5,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avalon Trust Co purchased a new stake in Fair Isaac in the fourth quarter valued at approximately $40,000. Natixis Advisors LLC increased its holdings in shares of Fair Isaac by 2.7% in the fourth quarter. Natixis Advisors LLC now owns 10,649 shares of the technology company’s stock valued at $21,201,000 after purchasing an additional 280 shares during the period. Atala Financial Inc acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $512,000. Impact Capital Partners LLC acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $428,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Fair Isaac by 7.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,322 shares of the technology company’s stock valued at $14,577,000 after purchasing an additional 495 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Activity

In related news, CEO William J. Lansing sold 4,092 shares of the 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 transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,241 shares of company stock worth $18,186,184 over the last three months. 3.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. UBS Group dropped their target price on 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. Robert W. Baird dropped their target price on 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. The Goldman Sachs Group upped their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Oppenheimer dropped their price objective on 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. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,088.15.

Fair Isaac Stock Performance

FICO opened at $1,811.71 on Wednesday. The business’s fifty day moving average is $1,840.28 and its two-hundred day moving average is $1,985.29. The company has a market cap of $44.24 billion, a price-to-earnings ratio of 83.14, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a one year low of $1,105.65 and a one 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 EPS for the quarter, missing analysts’ consensus estimates 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, analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Fair Isaac Profile

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.