Ritholtz Wealth Management Sells 225 Shares of Fair Isaac Co. (NYSE:FICO)

Ritholtz Wealth Management lowered its stake in Fair Isaac Co. (NYSE:FICO) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,261 shares of the technology company’s stock after selling 225 shares during the quarter. Ritholtz Wealth Management’s holdings in Fair Isaac were worth $10,474,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FICO. International Assets Investment Management LLC grew its position in Fair Isaac by 189,461.6% in the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after purchasing an additional 538,071 shares during the period. AustralianSuper Pty Ltd raised its stake in Fair Isaac by 1,270.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock valued at $142,413,000 after acquiring an additional 67,931 shares during the period. FMR LLC increased its position in shares of Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after buying an additional 65,297 shares during the period. Jennison Associates LLC increased its position in shares of Fair Isaac by 35.1% during the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after buying an additional 62,653 shares during the period. Finally, Sei Investments Co. increased its position in shares of Fair Isaac by 231.8% during the second quarter. Sei Investments Co. now owns 69,127 shares of the technology company’s stock valued at $102,908,000 after buying an additional 48,294 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,971.70 on Friday. The firm has a market cap of $48.01 billion, a PE ratio of 96.42, a price-to-earnings-growth ratio of 3.55 and a beta of 1.40. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51. The business has a 50 day moving average price of $2,174.74 and a 200-day moving average price of $1,926.32.

Analysts Set New Price Targets

Several research analysts have recently commented on FICO shares. UBS Group started coverage on Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Oppenheimer cut their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Needham & Company LLC boosted their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Robert W. Baird boosted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,087.77.

Insider Activity

In related news, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the completion of the transaction, the executive vice president now owns 48,895 shares in the company, valued at $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,589 shares of company stock valued at $31,258,963. 3.54% of the stock is currently owned by company 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.