NewEdge Wealth LLC Acquires 202 Shares of Fair Isaac Co. (NYSE:FICO)

NewEdge Wealth LLC grew its holdings in Fair Isaac Co. (NYSE:FICOFree Report) by 9.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,377 shares of the technology company’s stock after purchasing an additional 202 shares during the quarter. NewEdge Wealth LLC’s holdings in Fair Isaac were worth $2,064,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SkyView Investment Advisors LLC bought a new position in shares of Fair Isaac in the 2nd quarter valued at $66,000. KB Financial Partners LLC bought a new stake in Fair Isaac during the 2nd quarter worth $34,000. Rise Advisors LLC grew its position in Fair Isaac by 1,466.7% during the 3rd quarter. Rise Advisors LLC now owns 47 shares of the technology company’s stock worth $41,000 after acquiring an additional 44 shares during the last quarter. Clear Street Markets LLC bought a new stake in Fair Isaac during the 1st quarter worth $34,000. Finally, Assetmark Inc. bought a new stake in Fair Isaac during the 3rd quarter worth $44,000. Institutional investors own 85.17% of the company’s stock.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 136 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $1,159.66, for a total value of $157,713.76. Following the completion of the sale, the chief financial officer now directly owns 1,935 shares in the company, valued at $2,243,942.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Braden R. Kelly sold 3,308 shares of Fair Isaac stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $1,035.50, for a total transaction of $3,425,434.00. Following the completion of the transaction, the director now directly owns 10,143 shares in the company, valued at $10,503,076.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven P. Weber sold 136 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $1,159.66, for a total transaction of $157,713.76. Following the completion of the transaction, the chief financial officer now owns 1,935 shares of the company’s stock, valued at $2,243,942.10. The disclosure for this sale can be found here. Insiders have sold 22,297 shares of company stock valued at $24,495,056 over the last ninety days. 3.54% of the stock is owned by insiders.

Fair Isaac Stock Up 0.1 %

FICO opened at $1,256.01 on Tuesday. The stock has a market cap of $31.21 billion, a PE ratio of 70.21, a P/E/G ratio of 3.61 and a beta of 1.24. Fair Isaac Co. has a 52 week low of $650.00 and a 52 week high of $1,307.14. The business’s fifty day simple moving average is $1,176.84 and its 200 day simple moving average is $996.59.

Fair Isaac (NYSE:FICOGet Free Report) last posted its earnings results on Wednesday, November 8th. The technology company reported $4.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.20 by ($0.19). The business had revenue of $389.73 million during the quarter, compared to the consensus estimate of $386.25 million. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. As a group, equities analysts anticipate that Fair Isaac Co. will post 20.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FICO. Jefferies Financial Group boosted their price objective on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. The Goldman Sachs Group lifted their target price on Fair Isaac from $1,156.00 to $1,289.00 and gave the stock a “buy” rating in a report on Monday, December 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $1,350.00 target price on shares of Fair Isaac in a report on Friday, January 26th. Raymond James lifted their target price on Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Wells Fargo & Company assumed coverage on Fair Isaac in a report on Wednesday, November 8th. They set an “overweight” rating and a $1,120.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,187.20.

Get Our Latest Stock Report on Fair Isaac

About Fair Isaac

(Free Report)

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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