Clear Harbor Asset Management LLC Acquires 1,621 Shares of Fair Isaac Corporation $FICO

Clear Harbor Asset Management LLC lifted its holdings in Fair Isaac Corporation (NYSE:FICO) by 684.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,858 shares of the technology company’s stock after buying an additional 1,621 shares during the period. Clear Harbor Asset Management LLC’s holdings in Fair Isaac were worth $2,781,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. purchased a new stake in Fair Isaac during the 2nd quarter valued at $26,000. ORG Partners LLC bought a new stake in shares of Fair Isaac during the 2nd quarter worth approximately $27,000. Hilltop National Bank purchased a new position in Fair Isaac during the 2nd quarter valued at $27,000. Pinnacle Bancorp Inc. bought a new position in Fair Isaac in the 2nd quarter valued at $31,000. Finally, Ransom Advisory Ltd purchased a new stake in Fair Isaac in the third quarter worth $30,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,586.20 on Friday. The firm has a 50-day simple moving average of $1,735.86 and a 200-day simple moving average of $1,627.02. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,217.60. The firm has a market cap of $37.61 billion, a P/E ratio of 59.74, a P/E/G ratio of 1.75 and a beta of 1.30.

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

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,942 shares of Fair Isaac stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the transaction, the chief executive officer owned 43,207 shares in the company, valued at $70,485,307.38. The trade was a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven P. Weber sold 1,426 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $1,810.00, for a total transaction of $2,581,060.00. Following the completion of the transaction, the chief financial officer owned 2,804 shares of the company’s stock, valued at $5,075,240. This represents a 33.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 10,358 shares of company stock valued at $17,517,343. Corporate insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FICO. BMO Capital Markets lowered their target price on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Robert W. Baird boosted their price objective on shares of 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. Oppenheimer downgraded shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. lifted their price target on shares of Fair Isaac from $1,750.00 to $1,825.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,950.00 price target on shares of Fair Isaac in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,076.77.

About Fair Isaac

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.