Brookstone Capital Management Has $2.02 Million Stock Holdings in Fair Isaac Corporation $FICO

Brookstone Capital Management increased its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 577.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,349 shares of the technology company’s stock after buying an additional 1,150 shares during the quarter. Brookstone Capital Management’s holdings in Fair Isaac were worth $2,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new position in Fair Isaac during the 2nd quarter valued at about $26,000. ORG Partners LLC acquired a new stake in shares of Fair Isaac during the second quarter worth approximately $27,000. Hilltop National Bank purchased a new position in Fair Isaac during the second quarter valued at approximately $27,000. Ransom Advisory Ltd acquired a new position in Fair Isaac in the 3rd quarter valued at approximately $30,000. Finally, Pinnacle Bancorp Inc. acquired a new position in Fair Isaac in the 2nd quarter valued at approximately $31,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total transaction of $4,158,912.00. Following the completion of the transaction, the chief executive officer owned 10,933 shares of the company’s stock, valued at $18,945,577.04. The trade was a 18.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eva Manolis sold 521 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the sale, the director owned 344 shares of the company’s stock, valued at $628,085.52. This trade represents a 60.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 10,358 shares of company stock valued at $17,517,343. Company insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on FICO shares. Oppenheimer cut shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Robert W. Baird lifted their price objective on Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. upped their target price on Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. UBS Group raised their price target on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Finally, Wells Fargo & Company boosted their price target on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,076.77.

Fair Isaac Stock Performance

FICO opened at $1,752.96 on Friday. The company has a market cap of $41.56 billion, a PE ratio of 66.02, a price-to-earnings-growth ratio of 1.94 and a beta of 1.29. The stock has a 50-day moving average of $1,727.64 and a 200-day moving average of $1,633.72. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,217.60.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data 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 business 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%.The firm’s revenue was up 13.6% compared to the same quarter last year. During the same period last year, the business earned $6.54 EPS. On average, research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac Company 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.