Envestnet Portfolio Solutions Inc. Trims Stake in Fair Isaac Corporation $FICO

Envestnet Portfolio Solutions Inc. lowered its position in Fair Isaac Corporation (NYSE:FICO) by 27.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,625 shares of the technology company’s stock after selling 605 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Fair Isaac were worth $2,432,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Artisan Partners Limited Partnership bought a new position in shares of Fair Isaac in the second quarter worth about $84,295,000. Brighton Jones LLC increased its position in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after acquiring an additional 302 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Fair Isaac by 111.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,947 shares of the technology company’s stock valued at $2,914,000 after acquiring an additional 1,027 shares in the last quarter. Andra AP fonden boosted its holdings in shares of Fair Isaac by 51.1% in the second quarter. Andra AP fonden now owns 21,000 shares of the technology company’s stock valued at $38,387,000 after purchasing an additional 7,100 shares during the period. Finally, West Family Investments Inc. bought a new position in Fair Isaac in the second quarter worth approximately $510,000. Institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FICO. Seaport Research Partners raised Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Fair Isaac in a report on Monday, December 29th. Needham & Company LLC reiterated a “buy” rating and set a $1,950.00 target price on shares of Fair Isaac in a report on Thursday, October 2nd. Jefferies Financial Group raised their target price on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Finally, Oppenheimer cut shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,092.15.

Fair Isaac Trading Up 0.3%

NYSE FICO opened at $1,549.95 on Tuesday. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,217.60. The firm’s fifty day simple moving average is $1,703.65 and its two-hundred day simple moving average is $1,604.99. The firm has a market capitalization of $36.83 billion, a P/E ratio of 58.38, a P/E/G ratio of 1.65 and a beta of 1.30.

Fair Isaac (NYSE:FICO) last announced its earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share for the quarter, topping the consensus estimate of $7.36 by $0.38. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The firm had revenue of $515.75 million for the quarter, compared to the consensus estimate of $512.38 million. During the same period in the previous year, the business earned $6.54 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, sell-side analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO William J. Lansing sold 2,400 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the completion of the transaction, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at $18,945,577.04. This trade represents a 18.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven P. Weber sold 1,426 shares of Fair Isaac stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $1,810.00, for a total transaction of $2,581,060.00. Following the completion of the sale, the chief financial officer owned 2,804 shares of the company’s stock, valued at $5,075,240. This trade represents a 33.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,347 shares of company stock worth $7,691,229 over the last 90 days. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Profile

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.