Fair Isaac Corporation $FICO Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its position in Fair Isaac Corporation (NYSE:FICO) by 20.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,152 shares of the technology company’s stock after selling 2,939 shares during the quarter. Whittier Trust Co.’s holdings in Fair Isaac were worth $16,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Edgewood Management LLC purchased a new stake in shares of Fair Isaac during the 2nd quarter worth about $612,785,000. Norges Bank acquired a new position in Fair Isaac during the second quarter valued at approximately $365,831,000. Brown Advisory Inc. grew its stake in Fair Isaac by 2,047.5% during the second quarter. Brown Advisory Inc. now owns 99,387 shares of the technology company’s stock worth $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 in the second quarter worth $85,183,000. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Fair Isaac in the second quarter worth $84,295,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Trading Down 1.0%

Fair Isaac stock opened at $1,542.02 on Friday. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,217.60. The stock has a market cap of $36.64 billion, a P/E ratio of 58.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30. The stock has a 50 day moving average of $1,707.92 and a 200-day moving average of $1,605.17.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, beating analysts’ consensus estimates of $7.36 by $0.38. The firm had revenue of $515.75 million for the quarter, compared to the consensus estimate 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 revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.54 EPS. As a group, equities analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fair Isaac news, Director Eva Manolis sold 521 shares of Fair Isaac 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 completion of the transaction, the director owned 344 shares of the company’s stock, valued at $628,085.52. The trade was a 60.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 1,426 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total transaction of $2,581,060.00. Following the sale, 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,347 shares of company stock valued at $7,691,229 in the last quarter. Insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FICO. Robert W. Baird upped 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 report on Thursday, November 6th. Barclays upped their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Jefferies Financial Group boosted their price target on Fair Isaac from $2,100.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Wells Fargo & Company increased their price objective on shares of Fair Isaac from $2,400.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, Zacks Research cut shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,092.15.

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.