Carderock Capital Management Inc. Purchases 560 Shares of Fair Isaac Corporation $FICO

Carderock Capital Management Inc. boosted its position in Fair Isaac Corporation (NYSE:FICO) by 12.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 5,209 shares of the technology company’s stock after buying an additional 560 shares during the quarter. Fair Isaac comprises 1.9% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 26th largest holding. Carderock Capital Management Inc.’s holdings in Fair Isaac were worth $7,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FICO. Westside Investment Management Inc. bought a new position in shares of Fair Isaac in the 2nd quarter valued at about $26,000. ORG Partners LLC acquired a new position in Fair Isaac in the second quarter valued at approximately $27,000. Hilltop National Bank bought a new position in Fair Isaac in the second quarter valued at approximately $27,000. Ransom Advisory Ltd bought a new position in Fair Isaac in the third quarter valued at approximately $30,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in Fair Isaac during the 2nd quarter worth $31,000. 85.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FICO shares. Zacks Research lowered Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. JPMorgan Chase & Co. raised their target price on Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. BMO Capital Markets decreased their target price on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Jefferies Financial Group cut their price target on shares of Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, UBS Group boosted their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $2,076.77.

Insider Activity at Fair Isaac

In related news, CFO Steven P. Weber sold 1,426 shares of the company’s stock in a transaction on 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 directly owned 2,804 shares of the company’s stock, valued at approximately $5,075,240. This represents a 33.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William J. Lansing sold 2,400 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the transaction, the chief executive officer owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. This trade represents a 18.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 10,358 shares of company stock valued at $17,517,343. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Price Performance

NYSE:FICO opened at $1,752.96 on Monday. The business’s 50-day simple moving average is $1,727.64 and its 200-day simple moving average is $1,632.53. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,217.60. The stock has a market capitalization of $41.56 billion, a PE ratio of 66.02, a price-to-earnings-growth ratio of 1.94 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last announced its 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. The firm had revenue of $515.75 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the company posted $6.54 EPS. On average, research analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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.