Oak Thistle LLC Sells 1,889 Shares of Fair Isaac Corporation $FICO

Oak Thistle LLC lowered its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 86.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 294 shares of the technology company’s stock after selling 1,889 shares during the period. Oak Thistle LLC’s holdings in Fair Isaac were worth $440,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FICO. Edgewood Management LLC bought a new stake in shares of Fair Isaac during the 2nd quarter valued at $612,785,000. Norges Bank purchased a new position in Fair Isaac during the 2nd quarter valued at about $365,831,000. Brown Advisory Inc. increased its position in shares of Fair Isaac by 2,047.5% during the second 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Fair Isaac by 29.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock valued at $584,193,000 after buying an additional 72,518 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Fair Isaac in the second quarter worth about $85,183,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 4,942 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the sale, the chief executive officer directly owned 43,207 shares in the company, valued at approximately $70,485,307.38. The trade was a 10.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 1,426 shares of the company’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 completion of the sale, the chief financial officer directly owned 2,804 shares of the company’s stock, valued at $5,075,240. This trade represents a 33.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 10,358 shares of company stock valued at $17,517,343. Corporate insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Oppenheimer cut shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Wells Fargo & Company raised their price target on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. upped 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 report on Thursday, November 6th. BMO Capital Markets dropped their price objective 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. Finally, Zacks Research cut Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,076.77.

Fair Isaac Stock Performance

NYSE FICO opened at $1,747.90 on Friday. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,217.60. The company has a market capitalization 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 company has a fifty day moving average of $1,717.38 and a 200-day moving average of $1,635.49.

Fair Isaac (NYSE:FICO) last released its earnings results on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $512.38 million. During the same quarter in the prior year, the firm earned $6.54 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. As a group, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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.