Rakuten Investment Management Inc. Buys New Position in Fair Isaac Corporation $FICO

Rakuten Investment Management Inc. bought a new stake in shares of Fair Isaac Corporation (NYSE:FICO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,066 shares of the technology company’s stock, valued at approximately $24,043,000. Rakuten Investment Management Inc. owned 0.07% of Fair Isaac at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Fair Isaac by 1.2% during the second quarter. Vanguard Group Inc. now owns 2,997,525 shares of the technology company’s stock valued at $5,479,356,000 after acquiring an additional 35,091 shares during the period. State Street Corp boosted its stake in Fair Isaac by 1.2% during the 2nd quarter. State Street Corp now owns 1,083,410 shares of the technology company’s stock valued at $1,980,430,000 after purchasing an additional 13,018 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Fair Isaac by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 712,699 shares of the technology company’s stock valued at $1,299,727,000 after purchasing an additional 13,906 shares during the period. American Century Companies Inc. increased its position in shares of Fair Isaac by 2.8% during 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 period. Finally, Edgewood Management LLC bought a new stake in shares of Fair Isaac in the 2nd quarter worth $612,785,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Trading Down 4.6%

NYSE FICO opened at $1,494.46 on Wednesday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,217.60. The company has a market cap of $35.52 billion, a PE ratio of 56.29, a PEG ratio of 1.67 and a beta of 1.30. The stock’s 50-day moving average price is $1,720.45 and its two-hundred day moving average price is $1,609.01.

Fair Isaac (NYSE:FICO) last announced its earnings results on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, topping the consensus estimate of $7.36 by $0.38. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The company had revenue of $515.75 million during the quarter, compared to analysts’ expectations of $512.38 million. During the same period last year, the company posted $6.54 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FICO. JPMorgan Chase & Co. raised their target price on Fair Isaac from $1,750.00 to $1,825.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a research note on Thursday, October 2nd. Jefferies Financial Group boosted their target price on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the stock a “buy” rating in a report on Friday. Finally, Barclays increased their target price on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,092.15.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total transaction of $4,158,912.00. Following the sale, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at $18,945,577.04. The trade was a 18.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven P. Weber sold 1,426 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $1,810.00, for a total value of $2,581,060.00. Following the completion of the sale, the chief financial officer directly owned 2,804 shares of the company’s stock, valued at approximately $5,075,240. This trade represents a 33.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 4,347 shares of company stock worth $7,691,229. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac 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.