DekaBank Deutsche Girozentrale Cuts Stake in Fair Isaac Corporation $FICO

DekaBank Deutsche Girozentrale lowered its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,508 shares of the technology company’s stock after selling 359 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Fair Isaac were worth $33,567,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Calamos Wealth Management LLC purchased a new position in Fair Isaac in the second quarter valued at about $2,049,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Fair Isaac in the 2nd quarter worth approximately $85,183,000. Koshinski Asset Management Inc. lifted its stake in Fair Isaac by 8.5% in the second quarter. Koshinski Asset Management Inc. now owns 432 shares of the technology company’s stock valued at $790,000 after purchasing an additional 34 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its holdings in Fair Isaac by 0.6% during the second quarter. Chevy Chase Trust Holdings LLC now owns 12,885 shares of the technology company’s stock valued at $23,553,000 after purchasing an additional 80 shares during the period. Finally, Stratos Wealth Partners LTD. grew its holdings in Fair Isaac by 117.4% during the second quarter. Stratos Wealth Partners LTD. now owns 850 shares of the technology company’s stock valued at $1,554,000 after purchasing an additional 459 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Down 3.2%

Fair Isaac stock opened at $1,568.85 on Wednesday. The stock has a market cap of $37.66 billion, a price-to-earnings ratio of 61.36, a PEG ratio of 1.71 and a beta of 1.35. The business has a 50-day simple moving average of $1,544.29 and a 200 day simple moving average of $1,687.85. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The firm had revenue of $536.42 million for the quarter, compared to analysts’ expectations of $520.40 million. During the same quarter last year, the firm posted $6.25 EPS. The company’s revenue was up 19.8% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Insider Activity

In related news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 18,032 shares of company stock valued at $28,094,085 in the last 90 days. 3.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of recent research reports. Oppenheimer cut Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Wells Fargo & Company boosted their price objective 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. BMO Capital Markets upped their price objective on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a report on Monday, August 18th. UBS Group lifted their target price on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fair Isaac in a research note on Wednesday, October 8th. Three 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. According to data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus target price of $2,137.43.

Fair Isaac Profile

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.