Marks Group Wealth Management Inc Trims Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Marks Group Wealth Management Inc lowered its holdings in Fair Isaac Co. (NYSE:FICO) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 6,118 shares of the technology company’s stock after selling 263 shares during the period. Marks Group Wealth Management Inc’s holdings in Fair Isaac were worth $7,121,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Johnson Investment Counsel Inc. raised its stake in Fair Isaac by 0.3% during the third quarter. Johnson Investment Counsel Inc. now owns 3,412 shares of the technology company’s stock valued at $2,963,000 after buying an additional 11 shares in the last quarter. KB Financial Partners LLC raised its stake in Fair Isaac by 26.2% during the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock valued at $46,000 after buying an additional 11 shares in the last quarter. Huntington National Bank raised its stake in Fair Isaac by 14.3% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $83,000 after buying an additional 12 shares in the last quarter. Alcosta Capital Management Inc. raised its stake in Fair Isaac by 0.4% during the third quarter. Alcosta Capital Management Inc. now owns 3,291 shares of the technology company’s stock valued at $2,858,000 after buying an additional 12 shares in the last quarter. Finally, CWM LLC raised its stake in Fair Isaac by 8.1% during the third quarter. CWM LLC now owns 174 shares of the technology company’s stock valued at $151,000 after buying an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price objective on shares of Fair Isaac in a research note on Monday. Redburn Atlantic started coverage on Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,350.00 price target on shares of Fair Isaac in a research report on Friday, January 26th. Jefferies Financial Group increased their price target on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Raymond James increased their price target on Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,180.45.

Fair Isaac Price Performance

FICO opened at $1,188.40 on Wednesday. Fair Isaac Co. has a 12 month low of $708.00 and a 12 month high of $1,349.75. The stock has a market cap of $29.53 billion, a P/E ratio of 66.43, a P/E/G ratio of 2.55 and a beta of 1.21. The stock’s 50 day moving average price is $1,245.39 and its 200 day moving average price is $1,147.01.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.76 by $0.11. The firm had revenue of $382.06 million for the quarter, compared to analysts’ expectations of $386.55 million. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. Equities analysts anticipate that Fair Isaac Co. will post 19.95 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the completion of the sale, the chief executive officer now directly owns 28,638 shares of the company’s stock, valued at approximately $36,081,302.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 24,000 shares of company stock valued at $29,011,120. 3.54% of the stock is owned by corporate 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.