Snowden Capital Advisors LLC Has $1.60 Million Stock Position in Fair Isaac Co. (NYSE:FICO)

Snowden Capital Advisors LLC reduced its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 73.8% in the 4th quarter, according to its most recent filing with the SEC. The fund 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.

A number of other large investors have also recently made changes to their positions in FICO. Norges Bank acquired a new stake in shares of Fair Isaac in the fourth quarter valued at approximately $442,369,000. Wealthfront Advisers LLC grew its position in Fair Isaac by 5,217.6% during the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock worth $292,728,000 after purchasing an additional 144,266 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Fair Isaac in the fourth quarter valued at $261,610,000. Arrowstreet Capital Limited Partnership increased its stake in Fair Isaac by 376.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock valued at $321,790,000 after purchasing an additional 127,679 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Fair Isaac during the fourth quarter worth about $199,441,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the sale, the executive vice president now owns 9,974 shares of the company's stock, valued at $20,517,016.70. The trade was a 29.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William J. Lansing sold 592 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was 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 of the company's stock, valued at $91,453,786.92. The trade was a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,933 shares of company stock worth $35,250,629 in the last 90 days. 3.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on FICO. Bank of America initiated coverage on Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective for the company. Barclays cut 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 note on Friday, April 4th. UBS Group lowered their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Jefferies Financial Group restated a "buy" rating and set a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Finally, Robert W. Baird boosted their price target on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,299.31.

Fair Isaac Stock Up 0.9%

Shares of NYSE FICO traded up $15.15 during trading on Friday, hitting $1,715.47. 134,260 shares of the company traded hands, compared to its average volume of 180,189. The company has a 50-day moving average price of $1,925.34 and a 200-day moving average price of $1,983.31. Fair Isaac Co. has a 1 year low of $1,266.72 and a 1 year high of $2,402.52. The firm has a market capitalization of $41.76 billion, a P/E ratio of 78.68, a P/E/G ratio of 3.27 and a beta of 1.40.

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 (EPS) for the quarter, beating the consensus estimate of $7.33 by $0.48. The firm had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm's quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company posted $6.14 earnings per share. Research analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

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.