Fair Isaac Corporation $FICO Shares Sold by Whittier Trust Co.

Whittier Trust Co. trimmed its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 20.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,152 shares of the technology company’s stock after selling 2,939 shares during the quarter. Whittier Trust Co.’s holdings in Fair Isaac were worth $16,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Fair Isaac by 1.2% in the second quarter. Vanguard Group Inc. now owns 2,997,525 shares of the technology company’s stock worth $5,479,356,000 after buying an additional 35,091 shares during the period. State Street Corp increased its holdings in shares of Fair Isaac by 1.2% in the 2nd 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 period. Geode Capital Management LLC increased its holdings in shares of Fair Isaac by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 712,699 shares of the technology company’s stock worth $1,299,727,000 after acquiring an additional 13,906 shares during the period. American Century Companies Inc. lifted its position in 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 position in Fair Isaac during the 2nd quarter valued at about $612,785,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,542.02 on Friday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,217.60. The business’s fifty day moving average is $1,707.92 and its 200-day moving average is $1,605.17. The stock has a market cap of $36.64 billion, a PE ratio of 58.08, a price-to-earnings-growth ratio of 1.65 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 earnings per share for the quarter, beating the consensus estimate of $7.36 by $0.38. The business had revenue of $515.75 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.54 earnings per share. Equities research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Barclays increased their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Zacks Research downgraded Fair Isaac from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. BMO Capital Markets reduced their price target on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, Jefferies Financial Group raised their price target on Fair Isaac from $2,100.00 to $2,200.00 and gave the company a “buy” rating in a report on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,092.15.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 2,400 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 10,933 shares in the company, valued at approximately $18,945,577.04. This represents a 18.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total value of $951,257.43. Following the sale, the director directly owned 344 shares of the company’s stock, valued at approximately $628,085.52. This represents a 60.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,347 shares of company stock worth $7,691,229 in the last ninety days. 3.46% of the stock is currently owned by corporate insiders.

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.