Rakuten Investment Management Inc. Acquires Shares of 16,066 Fair Isaac Corporation $FICO

Rakuten Investment Management Inc. bought a new position in Fair Isaac Corporation (NYSE:FICO) in the third quarter, HoldingsChannel reports. The fund bought 16,066 shares of the technology company’s stock, valued at approximately $24,043,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Westside Investment Management Inc. purchased a new stake in shares of Fair Isaac during the second quarter worth $26,000. ORG Partners LLC purchased a new position in Fair Isaac in the second quarter valued at about $27,000. Hilltop National Bank acquired a new position in Fair Isaac in the 2nd quarter worth about $27,000. Ransom Advisory Ltd purchased a new stake in shares of Fair Isaac during the 3rd quarter worth about $30,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Fair Isaac by 66.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 8 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FICO has been the topic of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Fair Isaac in a report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on shares of Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Jefferies Financial Group lifted their price objective on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird increased their target price on shares of 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. Finally, Wells Fargo & Company raised their target price on Fair Isaac from $2,400.00 to $2,500.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Two 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. According to MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $2,092.15.

Fair Isaac Trading Down 4.6%

NYSE:FICO opened at $1,494.46 on Wednesday. The firm has a market capitalization of $35.52 billion, a PE ratio of 56.29, a PEG ratio of 1.67 and a beta of 1.30. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,217.60. The firm’s fifty day simple moving average is $1,720.45 and its 200 day simple moving average is $1,609.01.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.36 by $0.38. The company 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 quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $6.54 earnings per share. As a group, analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In other news, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total value of $951,257.43. Following the sale, the director owned 344 shares in the company, valued at approximately $628,085.52. This trade represents a 60.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 2,400 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 10,933 shares in the company, valued at $18,945,577.04. This trade represents a 18.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,347 shares of company stock valued at $7,691,229 in the last 90 days. 3.46% of the stock is currently owned by insiders.

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.