Riverbridge Partners LLC Sells 743 Shares of Fair Isaac Corporation $FICO

Riverbridge Partners LLC cut its holdings in Fair Isaac Corporation (NYSE:FICO) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,273 shares of the technology company’s stock after selling 743 shares during the quarter. Riverbridge Partners LLC’s holdings in Fair Isaac were worth $25,849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FICO. Edgewood Management LLC bought a new position in shares of Fair Isaac in the 2nd quarter worth $612,785,000. Norges Bank bought a new position in Fair Isaac during the second quarter worth about $365,831,000. Brown Advisory Inc. grew its position in shares of Fair Isaac by 2,047.5% during the 2nd 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Fair Isaac by 29.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock worth $584,193,000 after buying an additional 72,518 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Fair Isaac in the 2nd quarter valued at about $85,183,000. Institutional investors own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In related news, Director Eva Manolis sold 521 shares of the 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 owned 344 shares of the company’s stock, valued at $628,085.52. This represents a 60.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William J. Lansing sold 2,400 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the sale, the chief executive officer owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. The trade was a 18.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 10,358 shares of company stock worth $17,517,343. Company insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

FICO stock opened at $1,747.90 on Monday. The business’s fifty day moving average price is $1,717.38 and its two-hundred day moving average price is $1,633.90. The stock has a market capitalization of $41.44 billion, a price-to-earnings ratio of 65.83, a PEG ratio of 1.94 and a beta of 1.29. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,217.60.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, beating 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 business had revenue of $515.75 million for the quarter, compared to the consensus estimate of $512.38 million. During the same period in the prior year, the company posted $6.54 earnings per share. Fair Isaac’s revenue was up 13.6% compared to the same quarter last year. Research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FICO shares. Barclays lifted 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 research note on Thursday, October 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $1,950.00 target price on shares of Fair Isaac in a report on Thursday, October 2nd. Jefferies Financial Group decreased their price target on shares of Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Zacks Research downgraded Fair Isaac from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Oppenheimer cut Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $2,076.77.

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.