Snowden Capital Advisors LLC Trims Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Snowden Capital Advisors LLC reduced its stake in Fair Isaac Co. (NYSE:FICO) by 73.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 801 shares of the technology company’s stock after selling 2,255 shares during the period. Snowden Capital Advisors LLC’s holdings in Fair Isaac were worth $1,595,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FICO. Barclays PLC grew its stake in shares of Fair Isaac by 24.8% in the third quarter. Barclays PLC now owns 60,521 shares of the technology company’s stock worth $117,624,000 after acquiring an additional 12,038 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock worth $1,308,460,000 after acquiring an additional 7,466 shares during the last quarter. Brookstone Capital Management purchased a new stake in shares of Fair Isaac in the fourth quarter worth $206,000. Park Avenue Securities LLC grew its stake in shares of Fair Isaac by 3.8% in the fourth quarter. Park Avenue Securities LLC now owns 469 shares of the technology company’s stock worth $934,000 after acquiring an additional 17 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Fair Isaac by 12.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 898 shares of the technology company’s stock valued at $1,788,000 after purchasing an additional 97 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Up 0.9%

NYSE FICO opened at $2,199.97 on Friday. The stock’s 50-day moving average price is $1,915.89 and its 200-day moving average price is $1,985.51. Fair Isaac Co. has a 52 week low of $1,266.72 and a 52 week high of $2,402.52. The company has a market capitalization of $53.55 billion, a P/E ratio of 100.96, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40.

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

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. This trade represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the sale, the executive vice president now owns 9,974 shares of the company’s stock, valued at $20,517,016.70. This represents a 29.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,933 shares of company stock valued at $35,250,629 over the last quarter. 3.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Needham & Company LLC upped their price target on Fair Isaac from $2,500.00 to $2,575.00 and gave the company a “buy” rating in a report on Monday, May 12th. Bank of America assumed coverage on Fair Isaac in a report on Thursday, April 10th. They set a “buy” rating and a $2,800.00 price target on the stock. UBS Group lowered their price target on 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. Barclays lowered their price target on 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. Finally, Raymond James upped their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $2,299.31.

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.