Axxcess Wealth Management LLC Cuts Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Axxcess Wealth Management LLC reduced its holdings in Fair Isaac Co. (NYSE:FICO) by 68.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 157 shares of the technology company’s stock after selling 337 shares during the period. Axxcess Wealth Management LLC’s holdings in Fair Isaac were worth $313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Parallel Advisors LLC grew its stake in shares of Fair Isaac by 5.3% in the 4th quarter. Parallel Advisors LLC now owns 496 shares of the technology company’s stock worth $988,000 after buying an additional 25 shares in the last quarter. Cibc World Markets Corp grew its stake in shares of Fair Isaac by 16.1% in the 4th quarter. Cibc World Markets Corp now owns 3,829 shares of the technology company’s stock worth $7,623,000 after buying an additional 530 shares in the last quarter. First National Advisers LLC grew its stake in shares of Fair Isaac by 199.2% in the 4th quarter. First National Advisers LLC now owns 1,409 shares of the technology company’s stock worth $2,805,000 after buying an additional 938 shares in the last quarter. Avalon Trust Co purchased a new position in shares of Fair Isaac in the 4th quarter worth $40,000. Finally, Natixis Advisors LLC grew its stake in shares of Fair Isaac by 2.7% in the 4th quarter. Natixis Advisors LLC now owns 10,649 shares of the technology company’s stock worth $21,201,000 after buying an additional 280 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

FICO stock opened at $1,857.48 on Friday. The firm’s fifty day simple moving average is $1,835.24 and its 200-day simple moving average is $1,986.57. The company has a market capitalization of $45.36 billion, a P/E ratio of 85.24, a price-to-earnings-growth ratio of 3.27 and a beta of 1.41. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.52.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. As a group, sell-side analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Activity

In related news, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $76,026,643.74. The trade was a 12.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Steven P. Weber sold 139 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,241 shares of company stock valued at $18,186,184 in the last ninety days. Insiders own 3.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FICO shares. Oppenheimer dropped their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a report on Wednesday, February 5th. The Goldman Sachs Group boosted their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group reduced their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Robert W. Baird reduced their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

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.