Connecticut Wealth Management LLC Reduces Position in Fair Isaac Co. (NYSE:FICO)

Connecticut Wealth Management LLC decreased its holdings in Fair Isaac Co. (NYSE:FICO) by 5.7% in the fourth quarter, Holdings Channel reports. The fund owned 607 shares of the technology company’s stock after selling 37 shares during the period. Connecticut Wealth Management LLC’s holdings in Fair Isaac were worth $707,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of FICO. First Horizon Advisors Inc. grew its holdings in shares of Fair Isaac by 28.1% in the fourth quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock valued at $48,000 after purchasing an additional 9 shares during the period. Johnson Investment Counsel Inc. increased its holdings in shares of Fair Isaac by 0.3% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 3,412 shares of the technology company’s stock worth $2,963,000 after buying an additional 11 shares during the last quarter. KB Financial Partners LLC raised its position in shares of Fair Isaac by 26.2% during the 3rd 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 during the period. Huntington National Bank lifted its holdings in Fair Isaac by 14.3% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $83,000 after acquiring an additional 12 shares during the last quarter. Finally, Alcosta Capital Management Inc. grew its position in Fair Isaac by 0.4% in the third quarter. Alcosta Capital Management Inc. now owns 3,291 shares of the technology company’s stock worth $2,858,000 after acquiring an additional 12 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the sale, the chief executive officer now directly owns 28,638 shares in the company, valued at $36,081,302.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 24,000 shares of company stock valued at $29,011,120 in the last three months. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded up $27.66 during trading hours on Friday, reaching $1,193.01. 182,907 shares of the company were exchanged, compared to its average volume of 194,081. The firm has a market cap of $29.48 billion, a PE ratio of 62.63, a PEG ratio of 3.21 and a beta of 1.24. Fair Isaac Co. has a 1 year low of $729.54 and a 1 year high of $1,349.75. The stock’s fifty day moving average is $1,226.09 and its 200 day moving average is $1,159.95.

Analysts Set New Price Targets

FICO has been the topic of several recent analyst reports. Redburn Atlantic assumed coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a research report on Friday, January 26th. Raymond James lifted their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Jefferies Financial Group upped their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a report on Monday, April 22nd. One equities research 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,224.40.

Fair Isaac 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.