Wealth Enhancement Advisory Services LLC Cuts Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Wealth Enhancement Advisory Services LLC lowered its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 77.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,652 shares of the technology company's stock after selling 5,785 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Fair Isaac were worth $3,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FICO. Rakuten Securities Inc. raised its stake in Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after acquiring an additional 8 shares during the period. Pinnacle Holdings LLC bought a new stake in Fair Isaac in the 4th quarter valued at $26,000. Avalon Trust Co bought a new stake in Fair Isaac in the 4th quarter valued at $40,000. OFI Invest Asset Management bought a new stake in Fair Isaac in the 4th quarter valued at $42,000. Finally, Colonial Trust Co SC raised its stake in Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after acquiring an additional 10 shares during the period. Institutional investors own 85.75% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on FICO. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their price objective for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Bank of America began coverage on Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective on the stock. Raymond James reiterated an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Oppenheimer increased their price objective 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, Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $2,304.15.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 5,419 shares of Fair Isaac stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $2,147.97, for a total value of $11,639,849.43. Following the completion of the sale, the chief executive officer now directly owns 42,730 shares in the company, valued at approximately $91,782,758.10. The trade was a 11.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Marc F. Mcmorris sold 797 shares of Fair Isaac stock in a transaction that occurred on 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 completion of the sale, the director now owns 242 shares of the company's stock, valued at approximately $505,175. The trade was a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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.

Fair Isaac Price Performance

NYSE:FICO traded up $13.93 during trading hours on Thursday, hitting $1,768.96. The company's stock had a trading volume of 161,875 shares, compared to its average volume of 189,831. The stock has a fifty day simple moving average of $1,892.55 and a 200-day simple moving average of $1,948.40. The company has a market capitalization of $43.06 billion, a P/E ratio of 81.18, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a twelve month low of $1,287.99 and a twelve month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same period last year, the firm posted $6.14 earnings per share. The business's revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities analysts predict that Fair Isaac Co. will post 24.15 EPS 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.