Solidarity Wealth LLC Buys 870 Shares of Fair Isaac Corporation $FICO

Solidarity Wealth LLC lifted its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 11.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,788 shares of the technology company’s stock after acquiring an additional 870 shares during the quarter. Fair Isaac makes up approximately 2.8% of Solidarity Wealth LLC’s holdings, making the stock its 12th biggest position. Solidarity Wealth LLC’s holdings in Fair Isaac were worth $13,152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. purchased a new position in Fair Isaac during the second quarter valued at approximately $26,000. ORG Partners LLC purchased a new stake in shares of Fair Isaac in the second quarter worth $27,000. Hilltop National Bank bought a new stake in shares of Fair Isaac during the 2nd quarter valued at $27,000. Ransom Advisory Ltd bought a new stake in shares of Fair Isaac during the 3rd quarter valued at $30,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Fair Isaac during the 2nd quarter valued at $31,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 5.1%

Shares of Fair Isaac stock opened at $1,665.79 on Friday. The firm has a market cap of $39.50 billion, a PE ratio of 62.74, a PEG ratio of 1.85 and a beta of 1.30. The stock has a 50 day moving average of $1,735.89 and a 200 day moving average of $1,623.45. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,217.60.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.36 by $0.38. The business had revenue of $515.75 million for the quarter, compared to analysts’ expectations of $512.38 million. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $6.54 EPS. As a group, equities research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total transaction of $4,158,912.00. Following the completion of the transaction, the chief executive officer owned 10,933 shares in the company, valued at $18,945,577.04. This trade represents a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eva Manolis sold 521 shares of Fair Isaac stock in a transaction 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 completion of the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,358 shares of company stock valued at $17,517,343 over the last 90 days. 3.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FICO. UBS Group increased their price target on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Oppenheimer cut Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Barclays boosted their price target on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fair Isaac in a report on Monday, December 29th. Finally, Jefferies Financial Group lowered their target price on shares of Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Two research 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 stock. Based on data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus target price 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.