Snowden Capital Advisors LLC Sells 2,255 Shares of Fair Isaac Co. (NYSE:FICO)

Snowden Capital Advisors LLC decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 73.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 801 shares of the technology company's stock after selling 2,255 shares during the period. Snowden Capital Advisors LLC's holdings in Fair Isaac were worth $1,595,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FICO. Barclays PLC increased its stake in Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock valued at $117,624,000 after buying an additional 12,038 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock valued at $1,308,460,000 after acquiring an additional 7,466 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of Fair Isaac during the fourth quarter worth about $206,000. Park Avenue Securities LLC raised its holdings in Fair Isaac by 3.8% during the fourth quarter. Park Avenue Securities LLC now owns 469 shares of the technology company's stock worth $934,000 after purchasing an additional 17 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Fair Isaac by 12.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 898 shares of the technology company's stock valued at $1,788,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Trading Down 15.7%

NYSE FICO traded down $318.60 on Wednesday, reaching $1,708.40. The company's stock had a trading volume of 940,936 shares, compared to its average volume of 178,690. The business has a 50-day moving average price of $1,930.06 and a 200 day moving average price of $1,987.21. Fair Isaac Co. has a 52 week low of $1,266.72 and a 52 week high of $2,402.52. The firm has a market cap of $41.59 billion, a PE ratio of 78.40, 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 EPS 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 business had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. During the same period in the previous year, the business earned $6.14 EPS. Fair Isaac's revenue was up 15.0% compared to the same quarter last year. Analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

FICO has been the subject of several research analyst reports. Robert W. Baird raised their price objective on Fair Isaac from $1,775.00 to $1,837.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Needham & Company LLC increased their price objective on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Raymond James upped their price target on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Wells Fargo & Company decreased their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group reduced their price target on shares of 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 research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Fair Isaac has a consensus rating of "Moderate Buy" and an average price target of $2,299.31.

Insider Activity

In other news, CEO William J. Lansing sold 4,092 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at $72,801,401.22. The trade was a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the sale, the director now owns 242 shares in the company, valued at $505,175. The trade was a 76.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,933 shares of company stock valued at $35,250,629. 3.46% of the stock is currently owned by insiders.

Fair Isaac Company 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.