Canopy Partners LLC Sells 87 Shares of Fair Isaac Co. (NYSE:FICO)

Canopy Partners LLC cut its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 19.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 363 shares of the technology company’s stock after selling 87 shares during the quarter. Canopy Partners LLC’s holdings in Fair Isaac were worth $723,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in Fair Isaac by 17.5% during the fourth quarter. Bank of Montreal Can now owns 25,545 shares of the technology company’s stock worth $50,858,000 after purchasing an additional 3,807 shares during the period. Polymer Capital Management US LLC acquired a new stake in shares of Fair Isaac during the 4th quarter worth about $649,000. Cerity Partners LLC boosted its holdings in shares of Fair Isaac by 5.0% during the 4th quarter. Cerity Partners LLC now owns 1,568 shares of the technology company’s stock worth $3,093,000 after buying an additional 75 shares during the period. Federated Hermes Inc. grew its stake in Fair Isaac by 134.7% in the 4th quarter. Federated Hermes Inc. now owns 20,595 shares of the technology company’s stock valued at $41,003,000 after buying an additional 11,819 shares during the last quarter. Finally, Alcosta Capital Management Inc. raised its holdings in Fair Isaac by 0.3% in the 4th quarter. Alcosta Capital Management Inc. now owns 3,279 shares of the technology company’s stock valued at $6,528,000 after acquiring an additional 9 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 6.6 %

Shares of NYSE:FICO opened at $1,681.51 on Monday. The stock has a market capitalization of $41.06 billion, a PE ratio of 77.17, a PEG ratio of 3.27 and a beta of 1.37. The firm has a 50 day moving average of $1,823.53 and a 200-day moving average of $1,989.53. 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 earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, research analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FICO. Robert W. Baird reduced their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a report on Wednesday, February 5th. UBS Group dropped their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Jefferies Financial Group decreased their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,080.46.

Insider Activity at Fair Isaac

In other news, CFO Steven P. Weber sold 139 shares of the stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the firm’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 sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,241 shares of company stock valued at $18,186,184 over the last ninety days. 3.46% of the stock is owned by corporate insiders.

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.