Fair Isaac Corporation $FICO Shares Bought by Candriam S.C.A.

Candriam S.C.A. boosted its position in Fair Isaac Corporation (NYSE:FICO) by 287.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,898 shares of the technology company’s stock after acquiring an additional 6,601 shares during the period. Candriam S.C.A.’s holdings in Fair Isaac were worth $5,291,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FICO. Keating Financial Advisory Services Inc. bought a new stake in shares of Fair Isaac in the second quarter valued at approximately $30,000. Western Wealth Management LLC purchased a new stake in shares of Fair Isaac during the 1st quarter valued at approximately $29,000. Versant Capital Management Inc boosted its holdings in Fair Isaac by 120.0% in the 2nd quarter. Versant Capital Management Inc now owns 44 shares of the technology company’s stock worth $53,000 after buying an additional 24 shares during the period. Clearstead Trust LLC bought a new position in Fair Isaac in the 2nd quarter worth approximately $100,000. Finally, Eastern Bank boosted its holdings in Fair Isaac by 177.1% in the 2nd quarter. Eastern Bank now owns 97 shares of the technology company’s stock worth $116,000 after buying an additional 62 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 0.7%

Fair Isaac stock opened at $728.56 on Wednesday. Fair Isaac Corporation has a 1-year low of $586.05 and a 1-year high of $1,858.91. The firm has a market capitalization of $15.74 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.36. The firm’s 50 day simple moving average is $810.61 and its 200 day simple moving average is $1,098.90.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, November 4th. The technology company reported $11.10 EPS for the quarter, beating the consensus estimate of $10.69 by $0.41. The firm had revenue of $657.05 million during the quarter, compared to the consensus estimate of $651.73 million. Fair Isaac had a net margin of 32.94% and a negative return on equity of 28.19%. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period last year, the firm earned $7.74 EPS. Research analysts forecast that Fair Isaac Corporation will post 40.03 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on FICO. Robert W. Baird lowered their target price on shares of Fair Isaac from $1,549.00 to $1,070.00 and set an “outperform” rating on the stock in a report on Friday, October 2nd. Jefferies Financial Group cut their price target on Fair Isaac from $1,675.00 to $925.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Needham & Company LLC reduced their price target on Fair Isaac from $1,100.00 to $925.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. Weiss Ratings lowered Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Finally, Raymond James Financial decreased their price objective on Fair Isaac from $1,750.00 to $1,230.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 13th. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Hold” and an average price target of $917.44.

Fair Isaac Profile

Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company. FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.