Coalescence Partners Investment Management LP Acquires 10,753 Shares of Fair Isaac Corporation $FICO

Coalescence Partners Investment Management LP boosted its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 79.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,329 shares of the technology company’s stock after acquiring an additional 10,753 shares during the quarter. Fair Isaac comprises 9.5% of Coalescence Partners Investment Management LP’s holdings, making the stock its 6th largest holding. Coalescence Partners Investment Management LP owned approximately 0.10% of Fair Isaac worth $36,409,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Westside Investment Management Inc. acquired a new stake in shares of Fair Isaac during the 2nd quarter worth about $26,000. ORG Partners LLC purchased a new position in Fair Isaac during the second quarter worth about $27,000. Hilltop National Bank acquired a new stake in shares of Fair Isaac during the second quarter valued at about $27,000. Ransom Advisory Ltd acquired a new stake in shares of Fair Isaac during the third quarter valued at about $30,000. Finally, Meeder Asset Management Inc. raised its stake in shares of 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 acquiring an additional 8 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Performance

FICO stock opened at $1,494.46 on Wednesday. The company’s 50 day moving average price is $1,720.45 and its 200 day moving average price is $1,609.01. The firm 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 Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,217.60.

Fair Isaac (NYSE:FICO) last posted its quarterly 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 net margin of 32.75% and a negative return on equity of 43.97%. The company had revenue of $515.75 million during the quarter, compared to analysts’ expectations of $512.38 million. During the same quarter in the previous year, the business posted $6.54 EPS. The firm’s revenue was up 13.6% on a year-over-year basis. Equities analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Eva Manolis sold 521 shares of the company’s 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 completion of the transaction, the director directly owned 344 shares of the company’s stock, valued at approximately $628,085.52. This represents a 60.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven P. Weber sold 1,426 shares of the stock in a transaction dated Wednesday, December 17th. The shares were 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 owned 2,804 shares in the company, valued at approximately $5,075,240. The trade was a 33.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,347 shares of company stock worth $7,691,229. Corporate insiders own 3.46% of the company’s stock.

Analyst Ratings Changes

FICO has been the subject of several research reports. Wells Fargo & Company lifted their target price on shares of Fair Isaac from $2,400.00 to $2,500.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on 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. Needham & Company LLC reissued a “buy” rating and set a $1,950.00 target price on shares of Fair Isaac in a research note on Thursday, October 2nd. Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Zacks Research lowered shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Two research 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 has an average 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.