Pathstone Holdings LLC Lowers Stake in Fair Isaac Co. (NYSE:FICO)

Pathstone Holdings LLC lessened its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,399 shares of the technology company's stock after selling 190 shares during the period. Pathstone Holdings LLC's holdings in Fair Isaac were worth $10,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FICO. Barclays PLC boosted its holdings in shares of Fair Isaac by 24.8% during the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock valued at $117,624,000 after purchasing an additional 12,038 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Fair Isaac by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock valued at $1,308,460,000 after purchasing an additional 7,466 shares during the last quarter. Brookstone Capital Management bought a new position in shares of Fair Isaac during the 4th quarter valued at about $206,000. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Fair Isaac by 15.5% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $577,000 after purchasing an additional 39 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Fair Isaac by 650.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 18,810 shares of the technology company's stock valued at $37,449,000 after purchasing an additional 16,305 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of NYSE:FICO traded up $19.53 during trading hours on Friday, hitting $2,199.97. 163,779 shares of the company's stock traded hands, compared to its average volume of 175,009. Fair Isaac Co. has a 1 year low of $1,266.72 and a 1 year high of $2,402.52. The business has a fifty day moving average price of $1,915.89 and a 200-day moving average price of $1,985.45. The firm has a market capitalization of $53.55 billion, a P/E ratio of 100.96, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40.

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

Analyst Ratings Changes

FICO has been the subject of several research reports. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Needham & Company LLC lifted their price target on Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Robert W. Baird lifted their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Oppenheimer lifted their price target on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, UBS Group dropped their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $2,299.31.

Insider Buying and Selling

In related news, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was 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 owns 9,974 shares of the company's stock, valued at $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Lansing sold 2,956 shares of the company's stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $74,210,495.94. This represents a 6.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,933 shares of company stock valued at $35,250,629 over the last quarter. 3.46% of the stock is owned by corporate insiders.

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.