Wealthfront Advisers LLC Sells 138 Shares of Fair Isaac Corporation $FICO

Wealthfront Advisers LLC lessened its stake in Fair Isaac Corporation (NYSE:FICO) by 4.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,795 shares of the technology company’s stock after selling 138 shares during the quarter. Wealthfront Advisers LLC’s holdings in Fair Isaac were worth $5,109,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in Fair Isaac during the 2nd quarter worth approximately $27,000. Hilltop National Bank acquired a new stake in Fair Isaac in the second quarter worth $27,000. Geo Capital Gestora de Recursos Ltd bought a new position in shares of Fair Isaac during the first quarter worth $28,000. N.E.W. Advisory Services LLC acquired a new position in shares of Fair Isaac in the 1st quarter valued at $30,000. Finally, Meeder Asset Management Inc. increased its position in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after buying an additional 5 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. This represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 18,032 shares of company stock worth $28,094,085. Corporate insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FICO. Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Barclays raised their price target on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Wells Fargo & Company boosted their price objective on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,137.43.

Fair Isaac Stock Down 0.9%

Shares of FICO opened at $1,669.41 on Wednesday. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The stock has a market capitalization of $40.07 billion, a P/E ratio of 65.29, a P/E/G ratio of 1.75 and a beta of 1.35. The company has a 50 day moving average of $1,573.73 and a 200-day moving average of $1,682.93.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million during the quarter, compared to analysts’ expectations of $520.40 million. During the same quarter in the prior year, the company posted $6.25 earnings per share. The firm’s revenue was up 19.8% on a year-over-year basis. On average, sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

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.