1832 Asset Management L.P. Buys 1,038 Shares of Fair Isaac Corporation $FICO

1832 Asset Management L.P. lifted its stake in Fair Isaac Corporation (NYSE:FICO) by 298.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,386 shares of the technology company’s stock after buying an additional 1,038 shares during the quarter. 1832 Asset Management L.P.’s holdings in Fair Isaac were worth $2,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FICO. Westside Investment Management Inc. purchased a new stake in Fair Isaac in the 2nd quarter worth approximately $26,000. Geo Capital Gestora de Recursos Ltd bought a new position in shares of Fair Isaac in the first quarter worth approximately $28,000. ORG Partners LLC purchased a new stake in shares of Fair Isaac in the second quarter worth $27,000. Hilltop National Bank bought a new stake in shares of Fair Isaac during the 2nd quarter valued at $27,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Fair Isaac during the 2nd quarter valued at $31,000. 85.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FICO. BMO Capital Markets cut their price target on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. UBS Group increased their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research report on Monday, September 15th. JPMorgan Chase & Co. boosted their price target 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. Jefferies Financial Group cut their price objective on shares of Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, Barclays lifted their price objective on shares of 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. Two equities research 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,076.77.

Fair Isaac Stock Up 1.6%

Fair Isaac stock opened at $1,799.65 on Friday. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,400.00. The firm’s fifty day moving average is $1,700.83 and its 200 day moving average is $1,630.72. The company has a market cap of $42.67 billion, a price-to-earnings ratio of 67.78, a PEG ratio of 1.96 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, topping analysts’ consensus estimates of $7.36 by $0.38. The business had revenue of $515.75 million during the quarter, compared to analysts’ expectations 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 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, equities research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was 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 directly owned 10,933 shares of the company’s stock, valued at $18,945,577.04. The trade was a 18.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 14,422 shares of company stock worth $23,226,939 over the last quarter. Insiders own 3.46% of the company’s stock.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.