779 Shares in Fair Isaac Corporation $FICO Acquired by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Fair Isaac Corporation (NYSE:FICO) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 779 shares of the technology company’s stock, valued at approximately $1,258,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westside Investment Management Inc. acquired a new stake in Fair Isaac in the second quarter valued at $26,000. ORG Partners LLC bought a new stake in shares of Fair Isaac in the 2nd quarter worth about $27,000. Hilltop National Bank acquired a new stake in shares of Fair Isaac in the 2nd quarter valued at about $27,000. Ransom Advisory Ltd bought a new position in shares of Fair Isaac during the third quarter worth about $30,000. Finally, Pinnacle Bancorp Inc. acquired a new position in Fair Isaac in the second quarter worth about $31,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

NYSE FICO opened at $1,630.53 on Tuesday. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,217.60. The company’s 50 day simple moving average is $1,735.46 and its 200 day simple moving average is $1,620.17. The company has a market capitalization of $38.66 billion, a P/E ratio of 61.41, a PEG ratio of 1.81 and a beta of 1.30.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share for the quarter, topping analysts’ consensus estimates of $7.36 by $0.38. The firm 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%.Fair Isaac’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $6.54 EPS. On average, analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FICO shares. Needham & Company LLC restated a “buy” rating and set a $1,950.00 price objective on shares of Fair Isaac in a research note on Thursday, October 2nd. Barclays raised their price target on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Oppenheimer cut Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. upped their price objective on Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,076.77.

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,426 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total value 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 represents a 33.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $1,732.88, for a total transaction 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. This represents a 18.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,347 shares of company stock valued at $7,691,229 in the last 90 days. 3.46% of the stock is currently owned by corporate insiders.

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.