William Allan Corp Makes New Investment in Fair Isaac Corporation $FICO

William Allan Corp acquired a new stake in shares of Fair Isaac Corporation (NYSE:FICO) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 840 shares of the technology company’s stock, valued at approximately $1,257,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Fair Isaac by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,997,525 shares of the technology company’s stock valued at $5,479,356,000 after buying an additional 35,091 shares in the last quarter. State Street Corp grew its stake in shares of Fair Isaac by 1.2% during the second quarter. State Street Corp now owns 1,083,410 shares of the technology company’s stock worth $1,980,430,000 after acquiring an additional 13,018 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Fair Isaac by 2.0% during the second quarter. Geode Capital Management LLC now owns 712,699 shares of the technology company’s stock valued at $1,299,727,000 after acquiring an additional 13,906 shares in the last quarter. American Century Companies Inc. raised its position in shares of Fair Isaac by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 397,389 shares of the technology company’s stock valued at $726,411,000 after purchasing an additional 10,771 shares during the last quarter. Finally, Edgewood Management LLC acquired a new stake in Fair Isaac in the 2nd quarter worth approximately $612,785,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Stock Performance

NYSE FICO opened at $1,665.79 on Friday. The firm has a market capitalization of $39.50 billion, a P/E ratio of 62.74, a PEG ratio of 1.76 and a beta of 1.30. The stock has a 50-day simple moving average of $1,735.89 and a two-hundred day simple moving average of $1,625.52. 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 issued its earnings results on Thursday, October 30th. The technology company reported $7.74 EPS 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 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 prior year, the business earned $6.54 earnings per share. As a group, analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Insider Activity

In related news, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction on 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 approximately $628,085.52. This trade represents a 60.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 1,426 shares of Fair Isaac stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total transaction of $2,581,060.00. Following the completion of the transaction, the chief financial officer directly owned 2,804 shares of the company’s stock, valued at $5,075,240. The trade was a 33.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,358 shares of company stock valued at $17,517,343 in the last three months. 3.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FICO has been the topic of a number of recent analyst reports. Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. UBS Group upped 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. Needham & Company LLC restated a “buy” rating and issued a $1,950.00 target price on shares of Fair Isaac in a research note on Thursday, October 2nd. BMO Capital Markets dropped their price target on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, Zacks Research lowered Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $2,076.77.

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.