Barlow Wealth Partners Inc. Acquires 3,001 Shares of Fair Isaac Corporation $FICO

Barlow Wealth Partners Inc. grew its holdings in Fair Isaac Corporation (NYSE:FICO) by 61.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,858 shares of the technology company’s stock after purchasing an additional 3,001 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in Fair Isaac were worth $12,368,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FICO. 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 acquired a new position in shares of Fair Isaac during the third quarter worth 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 NYSE:FICO opened at $1,549.95 on Tuesday. The firm’s 50 day simple moving average is $1,703.65 and its 200 day simple moving average is $1,604.99. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,217.60. The company has a market capitalization of $36.83 billion, a price-to-earnings ratio of 58.38, a P/E/G ratio of 1.65 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 analysts’ consensus estimates of $7.36 by $0.38. The firm had revenue of $515.75 million during 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%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.54 earnings per share. Equities research analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FICO has been the subject of several research analyst reports. Seaport Research Partners upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Jefferies Financial Group boosted their target price on Fair Isaac from $2,100.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Wells Fargo & Company upped their price target on Fair Isaac from $2,400.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Zacks Research lowered Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, BMO Capital Markets cut 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 report on Thursday, November 6th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $2,092.15.

Insider Buying and Selling

In other Fair Isaac news, Director Eva Manolis sold 521 shares of the 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 completion of the sale, the director directly owned 344 shares in the company, valued at $628,085.52. This represents a 60.23% 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, CFO Steven P. Weber sold 1,426 shares of the firm’s 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 sale, the chief financial officer directly owned 2,804 shares in the company, valued at approximately $5,075,240. This represents a 33.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,347 shares of company stock valued at $7,691,229. 3.46% of the stock is owned by company insiders.

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.