Wilmington Savings Fund Society FSB Reduces Holdings in Fair Isaac Corporation $FICO

Wilmington Savings Fund Society FSB lessened its stake in Fair Isaac Corporation (NYSE:FICO) by 54.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297 shares of the technology company’s stock after selling 353 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Fair Isaac were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Edgewood Management LLC purchased a new stake in Fair Isaac in the second quarter valued at approximately $612,785,000. Norges Bank purchased a new position in Fair Isaac during the 2nd quarter worth $365,831,000. Brown Advisory Inc. increased its stake in Fair Isaac by 2,047.5% in the second quarter. Brown Advisory Inc. now owns 99,387 shares of the technology company’s stock valued at $181,676,000 after purchasing an additional 94,759 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Fair Isaac in the second quarter valued at about $85,183,000. Finally, Artisan Partners Limited Partnership purchased a new position in shares of Fair Isaac during the second quarter worth about $84,295,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock traded down $37.49 during midday trading on Tuesday, reaching $1,529.71. 8,797 shares of the company traded hands, compared to its average volume of 223,360. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,217.60. The firm has a market cap of $36.35 billion, a PE ratio of 57.75, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30. The firm’s 50 day simple moving average is $1,726.50 and its two-hundred day simple moving average is $1,611.55.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.36 by $0.38. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The firm had revenue of $515.75 million during the quarter, compared to the consensus estimate of $512.38 million. During the same quarter in the previous year, the business earned $6.54 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the company’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 value of $4,158,912.00. Following the transaction, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at $18,945,577.04. This represents a 18.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the chief financial officer owned 2,804 shares of the company’s stock, valued at approximately $5,075,240. This trade represents a 33.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 4,347 shares of company stock worth $7,691,229. 3.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FICO has been the subject of several analyst reports. Oppenheimer downgraded Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Jefferies Financial Group upped their price target on Fair Isaac from $2,100.00 to $2,200.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets lowered their price objective on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,950.00 price target on shares of Fair Isaac in a research note on Thursday, October 2nd. Two research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,092.15.

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.