Bfsg LLC Sells 514 Shares of Fair Isaac Corporation $FICO

Bfsg LLC trimmed its position in Fair Isaac Corporation (NYSE:FICO) by 95.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 23 shares of the technology company’s stock after selling 514 shares during the quarter. Bfsg LLC’s holdings in Fair Isaac were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC increased its position in Fair Isaac by 6.3% in the third quarter. Evergreen Capital Management LLC now owns 286 shares of the technology company’s stock worth $428,000 after purchasing an additional 17 shares during the last quarter. YCG LLC raised its position in shares of Fair Isaac by 42.8% during the 3rd quarter. YCG LLC now owns 44,418 shares of the technology company’s stock valued at $66,473,000 after buying an additional 13,310 shares in the last quarter. First National Advisers LLC lifted its holdings in shares of Fair Isaac by 6.3% in the 3rd quarter. First National Advisers LLC now owns 1,861 shares of the technology company’s stock valued at $2,785,000 after acquiring an additional 110 shares during the last quarter. Ritholtz Wealth Management grew its position in Fair Isaac by 5.7% in the third quarter. Ritholtz Wealth Management now owns 4,696 shares of the technology company’s stock worth $7,028,000 after acquiring an additional 254 shares in the last quarter. Finally, Koa Wealth Management LLC raised its position in Fair Isaac by 12.7% during the third quarter. Koa Wealth Management LLC now owns 2,002 shares of the technology company’s stock valued at $2,996,000 after purchasing an additional 225 shares during the period. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Performance

NYSE FICO opened at $1,570.29 on Tuesday. The company has a market cap of $37.31 billion, a PE ratio of 59.14, a P/E/G ratio of 1.67 and a beta of 1.30. The firm’s 50 day moving average price is $1,726.50 and its 200-day moving average price is $1,611.55. 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 announced its earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $6.54 EPS. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FICO. Barclays boosted their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. 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. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Fair Isaac in a report on Monday, December 29th. Finally, BMO Capital Markets dropped 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 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,092.15.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 1,426 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total transaction of $2,581,060.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the completion of the sale, the director owned 344 shares in the company, valued at $628,085.52. This represents a 60.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,347 shares of company stock worth $7,691,229. 3.46% of the stock is owned by corporate 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.