Brookstone Capital Management Acquires 1,150 Shares of Fair Isaac Corporation $FICO

Brookstone Capital Management lifted its stake in Fair Isaac Corporation (NYSE:FICO) by 577.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,349 shares of the technology company’s stock after buying an additional 1,150 shares during the period. Brookstone Capital Management’s holdings in Fair Isaac were worth $2,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. MAI Capital Management boosted its holdings in Fair Isaac by 11.8% in the 1st quarter. MAI Capital Management now owns 57 shares of the technology company’s stock valued at $105,000 after purchasing an additional 6 shares during the period. Great Lakes Advisors LLC raised its position in shares of Fair Isaac by 5.7% during the first quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock valued at $207,000 after buying an additional 6 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Fair Isaac by 1.0% in the second quarter. DAVENPORT & Co LLC now owns 786 shares of the technology company’s stock valued at $1,437,000 after buying an additional 8 shares during the period. Concurrent Investment Advisors LLC grew its position in Fair Isaac by 2.7% during the second quarter. Concurrent Investment Advisors LLC now owns 305 shares of the technology company’s stock worth $558,000 after buying an additional 8 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in Fair Isaac by 33.3% during the second quarter. Private Trust Co. NA now owns 36 shares of the technology company’s stock valued at $66,000 after acquiring an additional 9 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fair Isaac

In related news, Director Eva Manolis sold 521 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 344 shares in the company, valued at $628,085.52. This represents a 60.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Lansing sold 2,400 shares of Fair Isaac stock in a transaction on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the completion of the transaction, the chief executive officer owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. The trade was a 18.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, 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 commented on FICO. Oppenheimer downgraded Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Seaport Res Ptn raised Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Needham & Company LLC reiterated a “buy” rating and set a $1,950.00 price target on shares of Fair Isaac in a research note on Thursday, October 2nd. JPMorgan Chase & Co. increased their price objective 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, Zacks Research downgraded shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $2,076.77.

Fair Isaac Price Performance

Fair Isaac stock opened at $1,752.96 on Friday. The firm has a market capitalization of $41.56 billion, a P/E ratio of 66.02, a P/E/G ratio of 1.94 and a beta of 1.29. The stock has a fifty day moving average price of $1,727.64 and a two-hundred day moving average price of $1,633.72. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,217.60.

Fair Isaac (NYSE:FICO) last posted its earnings results 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 in the prior year, the firm earned $6.54 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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.