Tran Capital Management L.P. Increases Stock Holdings in Fair Isaac Corporation $FICO

Tran Capital Management L.P. raised its position in shares of Fair Isaac Corporation (NYSE:FICO) by 54.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,222 shares of the technology company’s stock after purchasing an additional 5,731 shares during the quarter. Fair Isaac accounts for approximately 2.9% of Tran Capital Management L.P.’s holdings, making the stock its 13th biggest position. Tran Capital Management L.P. owned about 0.07% of Fair Isaac worth $24,277,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Artisan Partners Limited Partnership bought a new position in Fair Isaac during the second quarter valued at approximately $84,295,000. Brighton Jones LLC increased its stake in Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after acquiring an additional 302 shares during the last quarter. Andra AP fonden raised its holdings in shares of Fair Isaac by 51.1% during the 2nd quarter. Andra AP fonden now owns 21,000 shares of the technology company’s stock worth $38,387,000 after acquiring an additional 7,100 shares in the last quarter. West Family Investments Inc. purchased a new stake in Fair Isaac during the second quarter valued at $510,000. Finally, Swiss National Bank lifted its position in Fair Isaac by 7.6% during the second quarter. Swiss National Bank now owns 73,900 shares of the technology company’s stock valued at $135,086,000 after purchasing an additional 5,200 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price 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. Robert W. Baird upped their price objective on Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Barclays raised their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. UBS Group boosted their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a research report on Monday, September 15th. Finally, Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $2,076.77.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 4,942 shares of Fair Isaac stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total transaction of $8,062,082.28. Following the completion of the sale, the chief executive officer owned 43,207 shares in the company, valued at $70,485,307.38. This trade represents a 10.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eva Manolis sold 521 shares of the business’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 completion of the sale, the director directly owned 344 shares of the company’s stock, valued at approximately $628,085.52. This trade represents 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 10,358 shares of company stock valued at $17,517,343 in the last 90 days. Company insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,579.28 on Thursday. The stock has a 50 day moving average price of $1,735.89 and a 200 day moving average price of $1,627.30. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,217.60. The firm has a market capitalization of $37.44 billion, a P/E ratio of 59.48, a P/E/G ratio of 1.77 and a beta of 1.30.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data 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 negative return on equity of 43.97% and a net margin of 32.75%.The company had revenue of $515.75 million for the quarter, compared to the consensus estimate of $512.38 million. During the same quarter in the prior year, the company posted $6.54 EPS. Fair Isaac’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, sell-side analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current 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.