Connecticut Wealth Management LLC Has $707,000 Stake in Fair Isaac Co. (NYSE:FICO)

Connecticut Wealth Management LLC lowered its holdings in Fair Isaac Co. (NYSE:FICO) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 607 shares of the technology company’s stock after selling 37 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Fair Isaac were worth $707,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. National Bank of Canada FI grew its stake in shares of Fair Isaac by 17.5% during the fourth quarter. National Bank of Canada FI now owns 12,172 shares of the technology company’s stock valued at $13,689,000 after purchasing an additional 1,814 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its position in Fair Isaac by 3.2% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 2,454 shares of the technology company’s stock valued at $2,856,000 after buying an additional 77 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Fair Isaac in the 4th quarter valued at $233,000. Sapient Capital LLC bought a new stake in shares of Fair Isaac during the fourth quarter worth $425,000. Finally, Merit Financial Group LLC acquired a new position in shares of Fair Isaac during the fourth quarter valued at $200,000. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,638 shares in the company, valued at $14,414,270.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 24,000 shares of company stock worth $29,011,120 in the last ninety days. Corporate insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FICO. Jefferies Financial Group lifted their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Royal Bank of Canada restated a “sector perform” rating and set a $1,350.00 target price on shares of Fair Isaac in a report on Friday, January 26th. Needham & Company LLC restated a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a research report on Monday, April 22nd. Raymond James increased their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Barclays boosted their price objective on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,224.40.

Fair Isaac Stock Up 2.4 %

NYSE:FICO traded up $27.66 during trading hours on Friday, reaching $1,193.01. The company had a trading volume of 182,907 shares, compared to its average volume of 194,081. The business’s 50-day simple moving average is $1,226.09 and its two-hundred day simple moving average is $1,159.95. Fair Isaac Co. has a twelve month low of $729.54 and a twelve month high of $1,349.75. The firm has a market cap of $29.48 billion, a price-to-earnings ratio of 62.63, a P/E/G ratio of 3.21 and a beta of 1.24.

Fair Isaac 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.