Fair Isaac Co. (NYSE:FICO) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lowered its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 6.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,923 shares of the technology company's stock after selling 338 shares during the quarter. Ritholtz Wealth Management's holdings in Fair Isaac were worth $9,079,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FICO. D.A. Davidson & CO. grew its position in Fair Isaac by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock valued at $1,236,000 after buying an additional 6 shares during the period. Ashton Thomas Private Wealth LLC grew its position in Fair Isaac by 1.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 403 shares of the technology company's stock valued at $802,000 after buying an additional 6 shares during the period. Meiji Yasuda Life Insurance Co grew its position in Fair Isaac by 1.0% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock valued at $1,210,000 after buying an additional 6 shares during the period. City Holding Co. grew its position in Fair Isaac by 11.3% during the first quarter. City Holding Co. now owns 59 shares of the technology company's stock valued at $109,000 after buying an additional 6 shares during the period. Finally, Rakuten Securities Inc. grew its position in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after buying an additional 8 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 592 shares of Fair Isaac stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total transaction of $1,284,841.28. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $91,453,786.92. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the sale, the chief financial officer now owns 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,851 shares of company stock valued at $40,543,770 over the last ninety days. Company insiders own 3.46% of the company's stock.

Analysts Set New Price Targets

FICO has been the topic of several analyst reports. Barclays dropped their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Bank of America assumed coverage on shares of Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective on the stock. Raymond James reaffirmed an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $2,500.00 price objective (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $2,304.15.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded up $0.71 during midday trading on Friday, hitting $1,785.08. The company's stock had a trading volume of 268,942 shares, compared to its average volume of 192,616. The business's 50 day simple moving average is $1,892.30 and its 200 day simple moving average is $1,918.82. The company has a market cap of $43.45 billion, a P/E ratio of 81.92, a price-to-earnings-growth ratio of 3.27 and a beta of 1.29. Fair Isaac Co. has a 12-month low of $1,370.28 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly 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. The firm had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The company's revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the firm posted $6.14 earnings per share. On average, sell-side analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal 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.