366 Shares in Fair Isaac Corporation $FICO Acquired by Centurion Wealth Management LLC

Centurion Wealth Management LLC bought a new stake in shares of Fair Isaac Corporation (NYSE:FICO) during the 3rd quarter, HoldingsChannel reports. The firm bought 366 shares of the technology company’s stock, valued at approximately $548,000.

Other hedge funds have also recently modified their holdings of the company. Westside Investment Management Inc. purchased a new stake in shares of Fair Isaac during the second quarter valued at $26,000. ORG Partners LLC bought a new position in Fair Isaac during the 2nd quarter valued at about $27,000. Hilltop National Bank purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at about $27,000. Ransom Advisory Ltd bought a new stake in shares of Fair Isaac in the third quarter worth approximately $30,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Fair Isaac during the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 1,426 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total value of $2,581,060.00. Following the completion of the transaction, the chief financial officer directly owned 2,804 shares in the company, valued at $5,075,240. This represents a 33.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William J. Lansing sold 2,400 shares of the 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 completion of the sale, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. This trade represents a 18.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 10,358 shares of company stock valued at $17,517,343. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $1,747.90 on Friday. The stock has a market cap of $41.44 billion, a P/E ratio of 65.83, a P/E/G ratio of 1.95 and a beta of 1.29. The stock’s fifty day moving average is $1,717.38 and its 200 day moving average is $1,635.49. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,217.60.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $512.38 million. During the same quarter in the prior year, the business posted $6.54 earnings per share. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Needham & Company LLC restated a “buy” rating and issued a $1,950.00 price target on shares of Fair Isaac in a research note on Thursday, October 2nd. Wells Fargo & Company upped their price objective on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Barclays increased their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $2,076.77.

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.