Fair Isaac Corporation $FICO Shares Sold by Profit Investment Management LLC

Profit Investment Management LLC cut its holdings in Fair Isaac Corporation (NYSE:FICO) by 66.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 292 shares of the technology company’s stock after selling 580 shares during the quarter. Profit Investment Management LLC’s holdings in Fair Isaac were worth $437,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FICO. Westside Investment Management Inc. acquired a new stake in shares of Fair Isaac during the second quarter worth about $26,000. ORG Partners LLC purchased a new stake in Fair Isaac during the 2nd quarter valued at approximately $27,000. Hilltop National Bank acquired a new stake in Fair Isaac during the 2nd quarter worth approximately $27,000. Pinnacle Bancorp Inc. purchased a new position in shares of Fair Isaac in the 2nd quarter valued at approximately $31,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Fair Isaac in the 3rd quarter valued at approximately $30,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Fair Isaac in a research report on Monday, December 15th. BMO Capital Markets decreased their price target on 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. JPMorgan Chase & Co. raised their price objective 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. Zacks Research cut Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Finally, Robert W. Baird boosted their target price on Fair Isaac from $1,900.00 to $1,960.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,076.77.

Fair Isaac Stock Performance

Fair Isaac stock opened at $1,747.90 on Monday. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,217.60. The company has a market capitalization of $41.44 billion, a price-to-earnings ratio of 65.83, a PEG ratio of 1.94 and a beta of 1.29. The stock has a fifty day moving average of $1,717.38 and a two-hundred day moving average of $1,633.90.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data 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. The business had revenue of $515.75 million for the quarter, compared to the consensus estimate of $512.38 million. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The business’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the business earned $6.54 earnings per share. On average, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 2,400 shares of the company’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 transaction, the chief executive officer owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. This represents a 18.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven P. Weber sold 1,426 shares of Fair Isaac stock in a transaction that occurred on Wednesday, December 17th. The stock was 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 $5,075,240. The trade was a 33.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,358 shares of company stock valued at $17,517,343 in the last ninety days. Insiders own 3.46% of the company’s stock.

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.