Taikang Asset Management Hong Kong Co Ltd Cuts Stock Position in Fair Isaac Co. (NYSE:FICO)

Taikang Asset Management Hong Kong Co Ltd cut its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 50.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,239 shares of the technology company’s stock after selling 1,239 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd’s holdings in Fair Isaac were worth $2,467,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its position in shares of Fair Isaac by 5,217.6% in the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock valued at $292,728,000 after purchasing an additional 144,266 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Fair Isaac in the fourth quarter worth approximately $261,610,000. Raymond James Financial Inc. bought a new position in shares of Fair Isaac during the 4th quarter valued at about $199,441,000. FMR LLC grew its holdings in Fair Isaac by 46.1% during the 3rd 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 in the last quarter. Finally, National Pension Service raised its stake in Fair Isaac by 104.9% during the fourth quarter. National Pension Service now owns 79,248 shares of the technology company’s stock valued at $157,777,000 after purchasing an additional 40,574 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The stock was 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 directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 4,092 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $72,801,401.22. This represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 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.

Fair Isaac Stock Up 2.6 %

Fair Isaac stock opened at $1,900.76 on Tuesday. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. The firm’s 50-day simple moving average is $1,835.05 and its 200 day simple moving average is $1,989.24. The firm has a market capitalization of $46.41 billion, a PE ratio of 87.23, a P/E/G ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FICO. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. JPMorgan Chase & Co. began coverage on Fair Isaac in a research note on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price on the stock. UBS Group reduced their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Oppenheimer lowered their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company lowered their price target on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and an average target price of $2,088.15.

About Fair Isaac

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.