Fair Isaac Corporation $FICO Stake Lessened by EULAV Asset Management

EULAV Asset Management decreased its position in shares of Fair Isaac Corporation (NYSE:FICO) by 14.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,500 shares of the technology company’s stock after selling 8,400 shares during the period. Fair Isaac accounts for about 1.7% of EULAV Asset Management’s investment portfolio, making the stock its 17th largest holding. EULAV Asset Management’s holdings in Fair Isaac were worth $72,582,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Edgewood Management LLC acquired a new stake in shares of Fair Isaac in the second quarter valued at $612,785,000. Norges Bank bought a new stake in Fair Isaac in the second quarter worth about $365,831,000. Brown Advisory Inc. lifted its holdings in Fair Isaac by 2,047.5% in the 2nd quarter. Brown Advisory Inc. now owns 99,387 shares of the technology company’s stock valued at $181,676,000 after acquiring an additional 94,759 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Fair Isaac during the 2nd quarter valued at about $85,183,000. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Fair Isaac in the 2nd quarter worth approximately $84,295,000. 85.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FICO shares. Jefferies Financial Group cut their target price on shares of Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Zacks Research cut Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. JPMorgan Chase & Co. boosted their target price on Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Needham & Company LLC reiterated a “buy” rating and issued a $1,950.00 price target on shares of Fair Isaac in a research report on Thursday, October 2nd. Finally, Robert W. Baird lifted their price target on Fair Isaac from $1,900.00 to $1,960.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2,084.46.

Insider Buying and Selling at Fair Isaac

In related news, Director Eva Manolis sold 521 shares of the stock in a transaction on Friday, December 12th. The stock was 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 in the company, valued at approximately $628,085.52. This trade represents a 60.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $2,581,060.00. Following the sale, the chief financial officer directly owned 2,804 shares of the company’s stock, valued at approximately $5,075,240. The trade was a 33.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 4,347 shares of company stock worth $7,691,229. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Trading Down 2.3%

Shares of FICO stock opened at $1,579.91 on Friday. The stock’s fifty day simple moving average is $1,733.56 and its 200-day simple moving average is $1,618.50. The company has a market capitalization of $37.54 billion, a price-to-earnings ratio of 59.51, a P/E/G ratio of 1.73 and a beta of 1.30. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,217.60.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data 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 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 business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the company posted $6.54 EPS. On average, sell-side analysts predict 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.