SteelPeak Wealth LLC Takes $865,000 Position in Fair Isaac Corporation $FICO

SteelPeak Wealth LLC acquired a new position in Fair Isaac Corporation (NYSE:FICO) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 578 shares of the technology company’s stock, valued at approximately $865,000.

Several other large investors have also recently added to or reduced their stakes in FICO. Vanguard Group Inc. boosted its position in Fair Isaac by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,997,525 shares of the technology company’s stock worth $5,479,356,000 after acquiring an additional 35,091 shares during the period. State Street Corp raised its stake in shares of Fair Isaac by 1.2% during the second quarter. State Street Corp now owns 1,083,410 shares of the technology company’s stock valued at $1,980,430,000 after purchasing an additional 13,018 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Fair Isaac by 2.0% in the second quarter. Geode Capital Management LLC now owns 712,699 shares of the technology company’s stock worth $1,299,727,000 after purchasing an additional 13,906 shares during the period. American Century Companies Inc. grew its position in Fair Isaac by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 397,389 shares of the technology company’s stock valued at $726,411,000 after buying an additional 10,771 shares in the last quarter. Finally, Edgewood Management LLC acquired a new position in Fair Isaac during the 2nd quarter valued at about $612,785,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Eva Manolis sold 521 shares of Fair Isaac stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total value of $951,257.43. Following the transaction, the director directly owned 344 shares of the company’s stock, valued at $628,085.52. This trade represents a 60.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William J. Lansing sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total transaction of $4,158,912.00. Following the sale, the chief executive officer owned 10,933 shares in the company, valued at $18,945,577.04. This represents a 18.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 10,358 shares of company stock worth $17,517,343. Company insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,644.54 on Friday. The company has a market capitalization of $38.99 billion, a PE ratio of 61.94, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30. The stock has a fifty day moving average of $1,737.67 and a 200-day moving average of $1,630.82. 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 issued its earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.36 by $0.38. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The business had revenue of $515.75 million for the quarter, compared to analysts’ expectations of $512.38 million. During the same period in the previous year, the firm posted $6.54 EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Jefferies Financial Group cut their target price on Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Needham & Company LLC reissued a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. raised their target price 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. Two equities 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2,076.77.

Fair Isaac 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.