Fair Isaac Co. (NYSE:FICO) Holdings Trimmed by Stony Point Capital LLC

Stony Point Capital LLC decreased its position in Fair Isaac Co. (NYSE:FICO) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,408 shares of the technology company’s stock after selling 81 shares during the period. Fair Isaac accounts for 3.4% of Stony Point Capital LLC’s investment portfolio, making the stock its 7th biggest holding. Stony Point Capital LLC’s holdings in Fair Isaac were worth $16,740,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. grew its position in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after buying an additional 8 shares during the period. Pinnacle Holdings LLC purchased a new position in Fair Isaac in the fourth quarter valued at about $26,000. Berbice Capital Management LLC bought a new position in shares of Fair Isaac during the 4th quarter valued at approximately $40,000. Avalon Trust Co purchased a new stake in shares of Fair Isaac during the 4th quarter worth approximately $40,000. Finally, OFI Invest Asset Management bought a new stake in shares of Fair Isaac in the 4th quarter worth approximately $42,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Up 0.9%

Shares of FICO opened at $2,199.97 on Friday. Fair Isaac Co. has a twelve month low of $1,266.72 and a twelve month high of $2,402.52. The stock has a market cap of $53.55 billion, a PE ratio of 100.96, a P/E/G ratio of 3.27 and a beta of 1.40. The business’s 50-day moving average price is $1,915.89 and its 200-day moving average price is $1,985.51.

Fair Isaac (NYSE:FICO) last posted its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping analysts’ consensus estimates of $7.33 by $0.48. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The business had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same quarter in the prior year, the firm posted $6.14 EPS. Fair Isaac’s revenue was up 15.0% on a year-over-year basis. Analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of recent research reports. UBS Group decreased their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. 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 target for the company. Jefferies Financial Group restated a “buy” rating and issued a $2,500.00 price objective (up from $2,225.00) on shares of Fair Isaac in a research note on Wednesday. Wells Fargo & Company cut their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,299.31.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 592 shares of the business’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 transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $91,453,786.92. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the company’s 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 transaction of $1,663,737.50. Following the completion of the transaction, the director now owns 242 shares in the company, valued at approximately $505,175. This trade represents a 76.71% decrease in their ownership of the stock. 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 company 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.