Cabot Wealth Management Inc. Sells 867 Shares of Fair Isaac Corporation $FICO

Cabot Wealth Management Inc. lowered its holdings in Fair Isaac Corporation (NYSE:FICO) by 41.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,212 shares of the technology company’s stock after selling 867 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Fair Isaac were worth $1,814,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. acquired a new position in Fair Isaac during the 2nd quarter worth about $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 acquired a new position in shares of Fair Isaac during the second quarter worth approximately $27,000. Ransom Advisory Ltd bought a new stake in shares of Fair Isaac during the third quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Fair Isaac by 66.7% during the third quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 8 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,542.02 on Monday. The stock has a market cap of $36.64 billion, a PE ratio of 58.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30. The stock has a 50-day moving average of $1,707.92 and a 200-day moving average of $1,605.24. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,217.60.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 earnings per share 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 business had revenue of $515.75 million for the quarter, compared to analyst estimates of $512.38 million. During the same quarter last year, the firm earned $6.54 EPS. Fair Isaac’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Wall Street Analyst Weigh In

FICO has been the topic of several research reports. BMO Capital Markets reduced their price objective on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. raised their price target on Fair Isaac from $1,750.00 to $1,825.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Barclays boosted their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a 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 company an “outperform” rating in a research note on Thursday, November 6th. Finally, Oppenheimer cut shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $2,092.15.

Insider Activity at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,426 shares of the 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 sale, the chief financial officer directly owned 2,804 shares in the company, valued at $5,075,240. This represents a 33.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 in the company, valued at approximately $628,085.52. This represents a 60.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,347 shares of company stock worth $7,691,229 in the last quarter. Corporate insiders own 3.46% of the company’s stock.

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.