1832 Asset Management L.P. Raises Stake in Fair Isaac Corporation $FICO

1832 Asset Management L.P. boosted its holdings in Fair Isaac Corporation (NYSE:FICO) by 298.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,386 shares of the technology company’s stock after purchasing an additional 1,038 shares during the quarter. 1832 Asset Management L.P.’s holdings in Fair Isaac were worth $2,534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FICO. Ironwood Investment Counsel LLC boosted its position in shares of Fair Isaac by 5.8% in the 1st quarter. Ironwood Investment Counsel LLC now owns 109 shares of the technology company’s stock worth $201,000 after purchasing an additional 6 shares in the last quarter. MAI Capital Management raised its stake in Fair Isaac by 11.8% during the first quarter. MAI Capital Management now owns 57 shares of the technology company’s stock valued at $105,000 after buying an additional 6 shares during the last quarter. Great Lakes Advisors LLC raised its stake in Fair Isaac by 5.7% during the first quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock valued at $207,000 after buying an additional 6 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in Fair Isaac by 1.0% in the second quarter. DAVENPORT & Co LLC now owns 786 shares of the technology company’s stock worth $1,437,000 after acquiring an additional 8 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Fair Isaac by 2.7% in the second quarter. Concurrent Investment Advisors LLC now owns 305 shares of the technology company’s stock worth $558,000 after acquiring an additional 8 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

FICO has been the subject of several recent analyst reports. Jefferies Financial Group lowered their price target on Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a research note on Monday, August 18th. Barclays lifted their target price on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Oppenheimer downgraded shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Finally, BMO Capital Markets reduced their price target on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and an average price target of $2,076.77.

Insider Activity

In related news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 14,422 shares of company stock valued at $23,226,939 over the last quarter. Company insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO opened at $1,799.65 on Friday. The firm has a market capitalization of $42.67 billion, a P/E ratio of 67.78, a PEG ratio of 1.96 and a beta of 1.29. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,400.00. The business has a fifty day moving average of $1,700.83 and a 200 day moving average of $1,630.72.

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