Fair Isaac Corporation $FICO Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB cut its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 54.3% in the 3rd quarter, Holdings Channel reports. The firm owned 297 shares of the technology company’s stock after selling 353 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Fair Isaac were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in 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 period. Great Lakes Advisors LLC grew its position in shares of Fair Isaac by 5.7% during the first quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock worth $207,000 after acquiring an additional 6 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Fair Isaac by 46.1% in the 1st quarter. Woodline Partners LP now owns 2,138 shares of the technology company’s stock worth $3,943,000 after acquiring an additional 675 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Fair Isaac by 74.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,895 shares of the technology company’s stock worth $16,503,000 after acquiring an additional 3,810 shares during the period. Finally, Park Avenue Securities LLC lifted its position in Fair Isaac by 60.7% in the 2nd quarter. Park Avenue Securities LLC now owns 638 shares of the technology company’s stock valued at $1,166,000 after purchasing an additional 241 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $1,950.00 target price on shares of Fair Isaac in a research report on Thursday, October 2nd. Robert W. Baird boosted their price objective 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. Barclays increased their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. BMO Capital Markets cut their target price 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. Finally, Oppenheimer cut Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,092.15.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded down $37.49 during trading on Tuesday, hitting $1,529.71. The stock had a trading volume of 8,797 shares, compared to its average volume of 223,360. The business has a fifty day moving average of $1,726.50 and a two-hundred day moving average of $1,611.55. The firm has a market cap of $36.35 billion, a P/E ratio of 57.75, a PEG ratio of 1.67 and a beta of 1.30. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,217.60.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the company posted $6.54 earnings per share. As a group, research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 1,426 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer owned 2,804 shares of the company’s stock, valued at approximately $5,075,240. The trade was a 33.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eva Manolis sold 521 shares of Fair Isaac stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total value of $951,257.43. Following the completion of the transaction, the director directly owned 344 shares in the company, valued at approximately $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 have sold 4,347 shares of company stock worth $7,691,229. Company 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.