3,761 Shares in Fair Isaac Corporation $FICO Acquired by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC bought a new stake in Fair Isaac Corporation (NYSE:FICO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,761 shares of the technology company’s stock, valued at approximately $5,628,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Edgewood Management LLC acquired a new stake in Fair Isaac during the second quarter worth about $612,785,000. Norges Bank acquired a new position in Fair Isaac in the 2nd quarter valued at about $365,831,000. Brown Advisory Inc. grew its stake in shares of Fair Isaac by 2,047.5% in the 2nd quarter. Brown Advisory Inc. now owns 99,387 shares of the technology company’s stock valued at $181,676,000 after buying an additional 94,759 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Fair Isaac during the 2nd quarter worth approximately $85,183,000. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at approximately $84,295,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Barclays upped their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Needham & Company LLC reaffirmed 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 target on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Finally, Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $2,092.15.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $1,542.02 on Friday. The business has a 50-day simple moving average of $1,707.92 and a 200-day simple moving average of $1,605.17. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,217.60. The company has a market cap of $36.64 billion, a PE ratio of 58.08, a P/E/G ratio of 1.65 and a beta of 1.30.

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. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The company had revenue of $515.75 million during the quarter, compared to analysts’ expectations of $512.38 million. During the same quarter in the previous year, the business posted $6.54 EPS. The firm’s revenue was up 13.6% on a year-over-year basis. On average, sell-side analysts predict that Fair Isaac Corporation will post 24.15 earnings per share 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 stock was sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the completion of the transaction, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at $18,945,577.04. This represents a 18.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eva Manolis sold 521 shares of the firm’s 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 transaction of $951,257.43. Following the sale, the director directly owned 344 shares in the company, valued at approximately $628,085.52. The trade was a 60.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,347 shares of company stock valued at $7,691,229 in the last ninety days. Insiders own 3.46% of the company’s stock.

Fair Isaac 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.