Procyon Advisors LLC Boosts Stock Position in Fair Isaac Corporation $FICO

Procyon Advisors LLC boosted its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 89.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,072 shares of the technology company’s stock after acquiring an additional 505 shares during the quarter. Procyon Advisors LLC’s holdings in Fair Isaac were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings 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 worth $5,479,356,000 after purchasing an additional 35,091 shares during the period. State Street Corp lifted its stake 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 boosted its holdings in shares of Fair Isaac by 2.0% in the second quarter. Geode Capital Management LLC now owns 712,699 shares of the technology company’s stock valued at $1,299,727,000 after acquiring an additional 13,906 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Fair Isaac by 2.8% during the second quarter. American Century Companies Inc. now owns 397,389 shares of the technology company’s stock worth $726,411,000 after acquiring an additional 10,771 shares during the period. Finally, Edgewood Management LLC purchased a new position in Fair Isaac during the second quarter worth about $612,785,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a report on Thursday, October 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Fair Isaac in a research note on Monday, December 29th. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, BMO Capital Markets decreased their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $2,084.46.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,579.91 on Friday. The stock has a fifty day moving average price of $1,733.56 and a 200 day moving average price of $1,618.50. The stock has a market cap of $37.54 billion, a PE 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 posted its earnings results 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. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The company had revenue of $515.75 million for the quarter, compared to analyst estimates of $512.38 million. During the same quarter in the prior year, the company earned $6.54 earnings per share. Fair Isaac’s revenue was up 13.6% compared to the same quarter last year. As a group, equities research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Insider Activity at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,426 shares of the firm’s 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 completion of the transaction, the chief financial officer directly owned 2,804 shares in the company, valued at approximately $5,075,240. This trade represents a 33.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 2,400 shares of Fair Isaac stock in a transaction dated 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 transaction, the chief executive officer owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. The trade was a 18.00% 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 valued at $7,691,229. Insiders own 3.46% of the company’s stock.

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.