D.A. Davidson & CO. Boosts Stock Holdings in Fair Isaac Corporation $FICO

D.A. Davidson & CO. boosted its position in shares of Fair Isaac Corporation (NYSE:FICO) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 651 shares of the technology company’s stock after buying an additional 10 shares during the period. D.A. Davidson & CO.’s holdings in Fair Isaac were worth $1,190,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. ORG Partners LLC purchased a new stake in Fair Isaac during the 2nd quarter worth approximately $27,000. Hilltop National Bank purchased a new stake in Fair Isaac during the 2nd quarter worth approximately $27,000. Geo Capital Gestora de Recursos Ltd purchased a new stake in Fair Isaac during the 1st quarter worth approximately $28,000. N.E.W. Advisory Services LLC purchased a new stake in Fair Isaac during the 1st quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. grew its position in shares of Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after purchasing an additional 5 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FICO shares. Needham & Company LLC restated a “buy” rating and issued a $1,950.00 price target on shares of Fair Isaac in a research report on Thursday, October 2nd. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Zacks Research raised Fair Isaac from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Wells Fargo & Company raised their target price on Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Raymond James Financial cut their target price on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,137.43.

Fair Isaac Stock Up 0.9%

FICO opened at $1,682.16 on Tuesday. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The business has a fifty day simple moving average of $1,568.03 and a 200-day simple moving average of $1,684.23. The firm has a market cap of $40.38 billion, a P/E ratio of 65.79, a P/E/G ratio of 1.73 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping 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 business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same period last year, the business posted $6.25 earnings per share. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Sell-side analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 18,032 shares of company stock worth $28,094,085 in the last ninety days. Company insiders own 3.46% of the company’s stock.

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.