Fair Isaac Co. (NYSE:FICO) Stake Reduced by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,264 shares of the technology company’s stock after selling 59 shares during the period. Exchange Traded Concepts LLC’s holdings in Fair Isaac were worth $2,517,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Fair Isaac during the third quarter worth approximately $25,000. True Wealth Design LLC raised its holdings in Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after buying an additional 18 shares during the period. Berbice Capital Management LLC purchased a new stake in shares of Fair Isaac in the 4th quarter valued at approximately $40,000. Meeder Asset Management Inc. lifted its holdings in shares of Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after buying an additional 20 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 Fair Isaac news, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,589 shares of company stock worth $31,258,963. Company insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on FICO shares. Jefferies Financial Group raised their price target on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Robert W. Baird lifted their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group initiated coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price for the company. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,087.77.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,813.88 on Friday. The company has a market cap of $44.16 billion, a PE ratio of 88.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.40. The firm has a fifty day moving average price of $2,115.89 and a two-hundred day moving average price of $1,943.55. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51.

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.