AdvisorShares Investments LLC Sells 1,620 Shares of Fair Isaac Co. (NYSE:FICO)

AdvisorShares Investments LLC trimmed its stake in Fair Isaac Co. (NYSE:FICO) by 31.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,455 shares of the technology company’s stock after selling 1,620 shares during the period. Fair Isaac accounts for about 1.3% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 29th largest holding. AdvisorShares Investments LLC’s holdings in Fair Isaac were worth $6,879,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Fair Isaac in the 4th quarter valued at $442,369,000. Wealthfront Advisers LLC grew its position in shares of 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 buying an additional 144,266 shares during the period. Proficio Capital Partners LLC bought a new position in Fair Isaac during the fourth quarter worth $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 in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Fair Isaac during the 4th quarter worth about $199,441,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Trading Down 0.6 %

NYSE FICO opened at $1,940.90 on Tuesday. The stock has a market cap of $47.39 billion, a P/E ratio of 89.07, a P/E/G ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a 12 month low of $1,112.65 and a 12 month high of $2,402.52. The stock’s fifty day moving average price is $1,836.28 and its 200-day moving average price is $1,978.51.

Fair Isaac (NYSE:FICO) last posted its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. As a group, analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 13,058 shares of company stock worth $23,119,030. 3.46% of the stock is owned by company insiders.

Analyst Ratings Changes

FICO has been the topic of several research reports. 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 report on Monday, January 27th. Bank of America began coverage on Fair Isaac in a report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 target price on the stock. Barclays cut their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. Robert W. Baird reduced their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2,276.25.

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.