Lombard Odier Asset Management Switzerland SA Invests $734,000 in Fair Isaac Corporation $FICO

Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Fair Isaac Corporation (NYSE:FICO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 688 shares of the technology company’s stock, valued at approximately $734,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FICO. Soltis Investment Advisors LLC purchased a new stake in Fair Isaac in the 4th quarter worth about $2,379,000. Brighton Jones LLC boosted its position in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after buying an additional 302 shares during the period. Titan Global Capital Management USA LLC grew its stake in shares of Fair Isaac by 42.6% during the fourth quarter. Titan Global Capital Management USA LLC now owns 7,993 shares of the technology company’s stock valued at $13,513,000 after buying an additional 2,387 shares during the last quarter. Altrafin AG bought a new position in shares of Fair Isaac during the fourth quarter valued at approximately $2,117,000. Finally, M.D. Sass LLC purchased a new stake in shares of Fair Isaac in the fourth quarter worth approximately $55,660,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Fair Isaac stock opened at $1,335.37 on Wednesday. The company has a market capitalization of $30.97 billion, a PE ratio of 42.30, a P/E/G ratio of 1.14 and a beta of 1.29. The company has a 50 day moving average price of $1,217.73 and a 200-day moving average price of $1,239.24. Fair Isaac Corporation has a fifty-two week low of $870.01 and a fifty-two week high of $1,998.01.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, April 28th. The technology company reported $12.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.03 by $1.47. The company had revenue of $691.68 million for the quarter, compared to analysts’ expectations of $630.21 million. Fair Isaac had a negative return on equity of 41.04% and a net margin of 33.67%.Fair Isaac’s revenue was up 38.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.81 earnings per share. On average, analysts forecast that Fair Isaac Corporation will post 38 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. JPMorgan Chase & Co. reduced their target price on Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings upgraded Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Needham & Company LLC reiterated a “buy” rating and set a $1,650.00 target price on shares of Fair Isaac in a research report on Tuesday, June 9th. Finally, Bank of America lowered their target price on shares of Fair Isaac from $1,550.00 to $1,400.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,627.93.

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.