Ameritas Investment Partners Inc. Sells 40 Shares of Fair Isaac Co. (NYSE:FICO)

Ameritas Investment Partners Inc. lessened its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,385 shares of the technology company’s stock after selling 40 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Fair Isaac were worth $1,731,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in shares of Fair Isaac during the 1st quarter valued at $31,000. McGlone Suttner Wealth Management Inc. bought a new position in Fair Isaac during the fourth quarter valued at about $35,000. DSM Capital Partners LLC acquired a new stake in shares of Fair Isaac in the fourth quarter worth about $37,000. Covestor Ltd boosted its stake in shares of Fair Isaac by 140.0% during the 1st quarter. Covestor Ltd now owns 36 shares of the technology company’s stock worth $46,000 after acquiring an additional 21 shares in the last quarter. Finally, ZRC Wealth Management LLC acquired a new position in shares of Fair Isaac during the 1st quarter valued at about $47,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Richard Deal sold 13,591 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the completion of the transaction, the executive vice president now owns 49,314 shares in the company, valued at approximately $67,772,230.20. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Richard Deal sold 13,591 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the transaction, the executive vice president now owns 49,314 shares in the company, valued at approximately $67,772,230.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark R. Scadina sold 423 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the completion of the sale, the executive vice president now owns 32,229 shares in the company, valued at approximately $44,222,055.48. The disclosure for this sale can be found here. Insiders have sold 16,014 shares of company stock worth $21,888,518 over the last 90 days. Corporate insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wolfe Research initiated coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price for the company. Redburn Atlantic started coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a research report on Tuesday, June 11th. Finally, Raymond James upped 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 report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus target price of $1,319.40.

Fair Isaac Stock Performance

Shares of FICO traded down $47.23 during trading hours on Wednesday, reaching $1,580.89. 61,511 shares of the company traded hands, compared to its average volume of 179,811. The stock’s fifty day moving average is $1,445.75 and its 200 day moving average is $1,313.17. Fair Isaac Co. has a 1-year low of $810.26 and a 1-year high of $1,658.03. The stock has a market cap of $39.06 billion, a P/E ratio of 85.35, a price-to-earnings-growth ratio of 4.40 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 EPS for the quarter, beating the consensus estimate of $4.89 by $0.20. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. The firm had revenue of $433.81 million during the quarter, compared to analysts’ expectations of $425.94 million. On average, equities research analysts predict that Fair Isaac Co. will post 19.73 EPS for the current year.

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.