Suncoast Equity Management Purchases 93 Shares of Fair Isaac Corporation $FICO

Suncoast Equity Management lifted its position in Fair Isaac Corporation (NYSE:FICO) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,321 shares of the technology company’s stock after buying an additional 93 shares during the quarter. Suncoast Equity Management’s holdings in Fair Isaac were worth $2,415,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. grew its stake in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after buying an additional 5 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Fair Isaac by 4.6% in the 1st quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company’s stock valued at $209,000 after buying an additional 5 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Fair Isaac by 4.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company’s stock valued at $262,000 after buying an additional 6 shares in the last quarter. Forum Financial Management LP grew its stake in shares of Fair Isaac by 2.2% in the 1st quarter. Forum Financial Management LP now owns 275 shares of the technology company’s stock valued at $507,000 after buying an additional 6 shares in the last quarter. Finally, Ironwood Investment Counsel LLC grew its stake in shares of Fair Isaac by 5.8% in the 1st quarter. Ironwood Investment Counsel LLC now owns 109 shares of the technology company’s stock valued at $201,000 after buying an additional 6 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 4,942 shares of the stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the sale, the chief executive officer directly owned 43,207 shares of the company’s stock, valued at approximately $70,485,307.38. This represents a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 18,032 shares of company stock valued at $28,094,085 over the last three months. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Trading Up 1.5%

FICO opened at $1,630.47 on Thursday. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The stock has a market capitalization of $39.14 billion, a price-to-earnings ratio of 63.76, a P/E/G ratio of 1.63 and a beta of 1.34. The business has a 50 day moving average of $1,599.84 and a 200-day moving average of $1,670.63.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, November 5th. 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 48.88% and a net margin of 32.80%.The company had revenue of $515.75 million during the quarter, compared to analysts’ expectations of $512.38 million. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. Equities analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FICO shares. Wells Fargo & Company boosted their price target on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,950.00 target price on shares of Fair Isaac in a research report on Thursday, October 2nd. Barclays upped their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. UBS Group upped their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research report on Monday, September 15th. Finally, Seaport Res Ptn raised Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,137.43.

About Fair Isaac

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.