Clear Harbor Asset Management LLC Boosts Holdings in Fair Isaac Corporation $FICO

Clear Harbor Asset Management LLC grew its position in Fair Isaac Corporation (NYSE:FICO) by 684.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,858 shares of the technology company’s stock after purchasing an additional 1,621 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Fair Isaac were worth $2,781,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FICO. Artisan Partners Limited Partnership acquired a new stake in Fair Isaac during the 2nd quarter worth about $84,295,000. Brighton Jones LLC boosted its stake in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after buying an additional 302 shares during the last quarter. Andra AP fonden grew its holdings in Fair Isaac by 51.1% during the second quarter. Andra AP fonden now owns 21,000 shares of the technology company’s stock worth $38,387,000 after acquiring an additional 7,100 shares during the period. West Family Investments Inc. purchased a new position in Fair Isaac during the second quarter valued at approximately $510,000. Finally, Swiss National Bank lifted its holdings in Fair Isaac by 7.6% in the second quarter. Swiss National Bank now owns 73,900 shares of the technology company’s stock valued at $135,086,000 after acquiring an additional 5,200 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FICO. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Wells Fargo & Company raised their price target on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Oppenheimer downgraded shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Needham & Company LLC reissued a “buy” rating and set a $1,950.00 target price on shares of Fair Isaac in a research note on Thursday, October 2nd. Finally, Jefferies Financial Group cut their price target on Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $2,076.77.

Insider Activity

In related news, CEO William J. Lansing sold 4,942 shares of the stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the transaction, the chief executive officer directly owned 43,207 shares of the company’s stock, valued at approximately $70,485,307.38. This represents a 10.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eva Manolis sold 521 shares of Fair Isaac stock in a transaction 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 approximately $628,085.52. This trade represents a 60.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,358 shares of company stock worth $17,517,343 over the last quarter. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Stock Up 0.4%

Shares of NYSE FICO opened at $1,586.20 on Friday. The firm has a market cap of $37.61 billion, a price-to-earnings ratio of 59.74, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. The company’s 50-day simple moving average is $1,735.86 and its 200-day simple moving average is $1,627.02. 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 released its quarterly 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 firm had revenue of $515.75 million during the quarter, compared to the consensus estimate of $512.38 million. During the same quarter in the prior year, the firm earned $6.54 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities research analysts anticipate 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.