Legacy Wealth Asset Management LLC Boosts Stock Position in Fair Isaac Corporation $FICO

Legacy Wealth Asset Management LLC lifted its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 167.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 542 shares of the technology company’s stock after acquiring an additional 339 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Fair Isaac were worth $811,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. Westside Investment Management Inc. purchased a new position in Fair Isaac during the second quarter valued at approximately $26,000. ORG Partners LLC bought a new stake in shares of Fair Isaac during the 2nd quarter valued at $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 purchased a new position in shares of Fair Isaac during the 3rd quarter valued at $30,000. Finally, Pinnacle Bancorp Inc. bought a new position in Fair Isaac in the 2nd quarter worth $31,000. Institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on FICO. Oppenheimer cut Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Wells Fargo & Company increased their target price on Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. lifted their target price on Fair Isaac from $1,750.00 to $1,825.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. UBS Group boosted their price target on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Finally, Robert W. Baird increased their price objective on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,076.77.

Fair Isaac Trading Down 0.3%

NYSE:FICO opened at $1,742.88 on Tuesday. The business’s 50-day moving average is $1,719.24 and its 200 day moving average is $1,633.72. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,217.60. The company has a market capitalization of $41.32 billion, a P/E ratio of 65.65, a P/E/G ratio of 1.94 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.36 by $0.38. The business had revenue of $515.75 million for the quarter, compared to the consensus estimate 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 was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.54 EPS. On average, research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 4,942 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 43,207 shares in the company, valued at $70,485,307.38. The trade was a 10.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eva Manolis sold 521 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the sale, the director owned 344 shares in the company, valued at $628,085.52. This represents a 60.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 10,358 shares of company stock valued at $17,517,343 in the last three months. Corporate insiders own 3.46% of the company’s stock.

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.