1,426 Shares in Fair Isaac Corporation $FICO Bought by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC acquired a new position in Fair Isaac Corporation (NYSE:FICO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,426 shares of the technology company’s stock, valued at approximately $2,134,000.

Several other institutional investors also recently made changes to their positions in FICO. MAI Capital Management lifted its stake in shares of Fair Isaac by 11.8% in the first quarter. MAI Capital Management now owns 57 shares of the technology company’s stock valued at $105,000 after purchasing an additional 6 shares during the period. Great Lakes Advisors LLC lifted its position in shares of Fair Isaac by 5.7% during the 1st quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock valued at $207,000 after acquiring an additional 6 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of Fair Isaac by 1.0% during the 2nd 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. Concurrent Investment Advisors LLC grew its holdings in shares of Fair Isaac by 2.7% in the 2nd 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 period. Finally, Private Trust Co. NA increased its stake in Fair Isaac by 33.3% in the 2nd quarter. Private Trust Co. NA now owns 36 shares of the technology company’s stock valued at $66,000 after purchasing an additional 9 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on FICO. Needham & Company LLC reiterated a “buy” rating and set a $1,950.00 target price on shares of Fair Isaac in a research report on Thursday, October 2nd. Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Fair Isaac in a report on Monday, December 29th. Wells Fargo & Company lifted their target price on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, Zacks Research lowered shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus target price of $2,076.77.

Fair Isaac Stock Performance

Shares of FICO opened at $1,644.54 on Friday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,217.60. The company’s 50 day simple moving average is $1,737.67 and its 200 day simple moving average is $1,630.82. The company has a market capitalization of $38.99 billion, a price-to-earnings ratio of 61.94, a PEG ratio of 1.82 and a beta of 1.30.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share for the quarter, beating 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 company had revenue of $515.75 million during the quarter, compared to the consensus estimate of $512.38 million. During the same period in the previous year, the firm posted $6.54 EPS. Fair Isaac’s revenue was up 13.6% on a year-over-year basis. Equities analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Fair Isaac news, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total value of $951,257.43. Following the sale, the director directly owned 344 shares of the company’s stock, valued at approximately $628,085.52. This trade represents a 60.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 4,942 shares of the company’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total transaction of $8,062,082.28. Following the transaction, the chief executive officer directly owned 43,207 shares of the company’s stock, valued at approximately $70,485,307.38. This represents a 10.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 10,358 shares of company stock worth $17,517,343. 3.46% of the stock is owned by company 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.