LPL Financial LLC Sells 192 Shares of Fair Isaac Co. (NYSE:FICO)

LPL Financial LLC lowered its stake in shares of Fair Isaac Co. (NYSE:FICO) by 0.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,663 shares of the technology company’s stock after selling 192 shares during the quarter. LPL Financial LLC’s holdings in Fair Isaac were worth $47,111,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FICO. Principal Financial Group Inc. raised its holdings in Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after buying an additional 1,977 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Fair Isaac by 169.0% in the 3rd 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 during the period. Cerity Partners LLC lifted its holdings in shares of Fair Isaac by 98.8% in 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. Private Trust Co. NA boosted its position in shares of Fair Isaac by 57.6% during the third quarter. Private Trust Co. NA now owns 145 shares of the technology company’s stock worth $282,000 after buying an additional 53 shares during the period. Finally, FMR LLC grew its holdings in shares of Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after buying an additional 65,297 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This represents a 5.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. The trade was a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,241 shares of company stock valued at $18,186,184 over the last ninety days. 3.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FICO has been the topic of several research reports. The Goldman Sachs Group boosted their target price on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group cut their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. started coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,088.15.

Fair Isaac Stock Performance

Fair Isaac stock opened at $1,872.34 on Friday. The stock has a 50-day simple moving average of $1,829.79 and a 200 day simple moving average of $1,989.02. The stock has a market capitalization of $45.72 billion, a P/E ratio of 85.93, a PEG ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week 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 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%. Research analysts forecast 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.