Carderock Capital Management Inc. Has $7.80 Million Holdings in Fair Isaac Corporation $FICO

Carderock Capital Management Inc. raised its stake in Fair Isaac Corporation (NYSE:FICO) by 12.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,209 shares of the technology company’s stock after purchasing an additional 560 shares during the period. Fair Isaac makes up approximately 1.9% of Carderock Capital Management Inc.’s holdings, making the stock its 26th biggest position. Carderock Capital Management Inc.’s holdings in Fair Isaac were worth $7,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its position in 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 buying an additional 302 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Fair Isaac by 12.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,465 shares of the technology company’s stock worth $11,922,000 after acquiring an additional 729 shares during the period. Evergreen Capital Management LLC grew its holdings in shares of Fair Isaac by 8.7% during the 1st quarter. Evergreen Capital Management LLC now owns 287 shares of the technology company’s stock worth $529,000 after purchasing an additional 23 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Fair Isaac by 11.1% during the first quarter. Panagora Asset Management Inc. now owns 753 shares of the technology company’s stock valued at $1,389,000 after purchasing an additional 75 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of Fair Isaac by 3.9% in the first quarter. Baird Financial Group Inc. now owns 2,343 shares of the technology company’s stock valued at $4,321,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

FICO has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $1,950.00 price target on shares of Fair Isaac in a research note on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Fair Isaac in a research report on Monday, December 22nd. Jefferies Financial Group lowered their target price on shares of Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,076.77.

Fair Isaac Trading Up 1.3%

Shares of Fair Isaac stock opened at $1,752.96 on Monday. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,217.60. The firm’s 50-day moving average price is $1,727.64 and its two-hundred day moving average price is $1,632.53. The stock has a market capitalization of $41.56 billion, a price-to-earnings ratio of 66.02, a P/E/G ratio of 1.94 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last announced its earnings results on Thursday, October 30th. The technology company reported $7.74 EPS 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 business 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. Fair Isaac’s revenue was up 13.6% compared to the same quarter last year. As a group, equities research analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Insider Activity

In related news, CFO Steven P. Weber sold 1,426 shares of Fair Isaac stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $1,810.00, for a total value of $2,581,060.00. Following the completion of the transaction, the chief financial officer directly owned 2,804 shares of the company’s stock, valued at $5,075,240. The trade was a 33.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eva Manolis sold 521 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the sale, the director directly owned 344 shares in the company, valued at approximately $628,085.52. This represents a 60.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 10,358 shares of company stock worth $17,517,343. 3.46% of the stock is owned by corporate insiders.

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.