Cresset Asset Management LLC Has $2.26 Million Stock Position in Fair Isaac Co. (NYSE:FICO)

Cresset Asset Management LLC trimmed its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 47.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,135 shares of the technology company's stock after selling 1,044 shares during the quarter. Cresset Asset Management LLC's holdings in Fair Isaac were worth $2,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in FICO. Rakuten Securities Inc. grew its stake in Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after buying an additional 8 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in Fair Isaac during the 4th quarter worth $26,000. Berbice Capital Management LLC acquired a new position in Fair Isaac during the 4th quarter worth $40,000. Avalon Trust Co acquired a new position in Fair Isaac during the 4th quarter worth $40,000. Finally, OFI Invest Asset Management acquired a new position in Fair Isaac during the 4th quarter worth $42,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Price Performance

Fair Isaac stock traded up $43.90 during mid-day trading on Monday, hitting $2,132.12. The company's stock had a trading volume of 182,027 shares, compared to its average volume of 177,237. Fair Isaac Co. has a 52-week low of $1,266.72 and a 52-week high of $2,402.52. The firm's 50 day moving average is $1,884.47 and its 200 day moving average is $1,981.07. The company has a market cap of $51.90 billion, a PE ratio of 97.85, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The company had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same period in the prior year, the firm posted $6.14 EPS. The business's revenue was up 15.0% compared to the same quarter last year. As a group, analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Wall Street Analyst Weigh In

FICO has been the subject of a number of analyst reports. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Bank of America initiated coverage on Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target for the company. Barclays reduced their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Jefferies Financial Group cut their price objective on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Finally, Raymond James upped their target price on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $2,274.31.

Insiders Place Their Bets

In other 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 owns 42,138 shares of the company's stock, valued at approximately $72,801,401.22. This represents a 8.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the transaction, the executive vice president now directly owns 9,974 shares in the company, valued at approximately $20,517,016.70. This represents a 29.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,135 shares of company stock valued at $31,505,623 in the last three months. Insiders own 3.46% of the company's stock.

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.