Legacy Wealth Asset Management LLC Buys 339 Shares of Fair Isaac Corporation $FICO

Legacy Wealth Asset Management LLC raised its position in shares of Fair Isaac Corporation (NYSE:FICO) by 167.0% during the third quarter, HoldingsChannel reports. The fund owned 542 shares of the technology company’s stock after acquiring an additional 339 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Fair Isaac were worth $811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FICO. Artisan Partners Limited Partnership purchased a new position in Fair Isaac during the 2nd quarter valued at $84,295,000. Brighton Jones LLC grew its position in Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after acquiring an additional 302 shares during the last quarter. Andra AP fonden increased its stake in Fair Isaac by 51.1% in the second quarter. Andra AP fonden now owns 21,000 shares of the technology company’s stock worth $38,387,000 after purchasing an additional 7,100 shares during the period. West Family Investments Inc. bought a new stake in shares of Fair Isaac during the second quarter worth $510,000. Finally, Swiss National Bank boosted its stake in shares of Fair Isaac by 7.6% during the second quarter. Swiss National Bank now owns 73,900 shares of the technology company’s stock valued at $135,086,000 after purchasing an additional 5,200 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,942 shares of the business’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the transaction, the chief executive officer directly owned 43,207 shares in the company, valued at approximately $70,485,307.38. The trade was a 10.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,426 shares of the stock in a transaction dated 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 10,358 shares of company stock valued at $17,517,343. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO opened at $1,742.88 on Tuesday. The company has a 50 day moving average price of $1,719.24 and a 200-day moving average price of $1,633.72. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,217.60. The stock has a market capitalization of $41.32 billion, a PE ratio of 65.65, a PEG ratio of 1.94 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last issued 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 company had revenue of $515.75 million during the quarter, compared to the consensus estimate of $512.38 million. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. Fair Isaac’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.54 earnings per share. Equities research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on FICO. Oppenheimer downgraded shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Zacks Research lowered shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $1,950.00 price target on shares of Fair Isaac in a research note on Thursday, October 2nd. UBS Group boosted their price target on Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Finally, BMO Capital Markets reduced their price objective on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus target price of $2,076.77.

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.