Taylor Hoffman Capital Management LLC Has $10.54 Million Position in Fair Isaac Co. (NYSE:FICO)

Taylor Hoffman Capital Management LLC cut its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,296 shares of the technology company's stock after selling 133 shares during the period. Fair Isaac accounts for about 3.8% of Taylor Hoffman Capital Management LLC's investment portfolio, making the stock its 4th biggest position. Taylor Hoffman Capital Management LLC's holdings in Fair Isaac were worth $10,544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FICO. Norges Bank bought a new position in shares of Fair Isaac in the fourth quarter worth about $442,369,000. Wealthfront Advisers LLC raised its stake in shares of Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock worth $292,728,000 after buying an additional 144,266 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Fair Isaac during the fourth quarter worth approximately $261,610,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Fair Isaac by 376.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock worth $321,790,000 after buying an additional 127,679 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Fair Isaac during the fourth quarter worth approximately $199,441,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded down $5.17 during trading hours on Friday, hitting $1,695.15. The company's stock had a trading volume of 290,120 shares, compared to its average volume of 180,569. The company has a market capitalization of $41.26 billion, a PE ratio of 77.79, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. The stock has a 50 day moving average of $1,923.01 and a 200 day moving average of $1,981.15. Fair Isaac Co. has a 12 month low of $1,266.72 and a 12 month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data 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%. Fair Isaac's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.14 EPS. Equities analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of Fair Isaac stock in a transaction that occurred 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 transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $72,801,401.22. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the transaction, the executive vice president now directly owns 9,974 shares in the company, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their position. The disclosure for this sale can be found here. Over 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 corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FICO shares. Wells Fargo & Company dropped their price target on shares of 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. Bank of America started coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target for the company. Needham & Company LLC boosted their price target 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. Royal Bank of Canada raised shares of 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 note on Wednesday, February 26th. 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's stock. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of "Moderate Buy" and an average price target of $2,299.31.

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.