Allstate Corp Takes Position in Fair Isaac Corporation $FICO

Allstate Corp purchased a new position in Fair Isaac Corporation (NYSE:FICO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 896 shares of the technology company’s stock, valued at approximately $1,341,000.

A number of other large investors also recently bought and sold shares of FICO. Westside Investment Management Inc. purchased a new stake in Fair Isaac in the second quarter worth $26,000. ORG Partners LLC bought a new position in shares of Fair Isaac in the second quarter worth about $27,000. Hilltop National Bank purchased a new position in Fair Isaac in the 2nd quarter worth about $27,000. Ransom Advisory Ltd bought a new stake in Fair Isaac during the 3rd quarter valued at about $30,000. Finally, Meeder Asset Management Inc. boosted its position in Fair Isaac by 66.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 8 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,494.46 on Wednesday. The company has a 50-day simple moving average of $1,720.45 and a 200-day simple moving average of $1,609.01. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,217.60. The stock has a market capitalization of $35.51 billion, a price-to-earnings ratio of 56.29, a PEG ratio of 1.67 and a beta of 1.30.

Fair Isaac (NYSE:FICO) last announced 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 analysts’ expectations 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 in the previous year, the company posted $6.54 EPS. As a group, research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,426 shares of Fair Isaac stock in a transaction dated Wednesday, December 17th. The shares were 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 in the company, valued at approximately $5,075,240. The trade was a 33.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eva Manolis sold 521 shares of the stock in a transaction on Friday, December 12th. The shares were 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 in the company, valued at approximately $628,085.52. The trade was a 60.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 4,347 shares of company stock worth $7,691,229. 3.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $1,950.00 target price on shares of Fair Isaac in a research report on Thursday, October 2nd. Robert W. Baird raised their target price on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Fair Isaac in a research note on Monday, December 29th. 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 on the stock in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. increased 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. Two 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,092.15.

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.