Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,167 shares of the technology company’s stock, valued at approximately $1,394,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bayban purchased a new stake in shares of Fair Isaac in the fourth quarter valued at about $25,000. Physician Wealth Advisors Inc. raised its stake in Fair Isaac by 166.7% during the fourth quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock worth $27,000 after purchasing an additional 10 shares during the period. Western Wealth Management LLC purchased a new position in Fair Isaac during the first quarter worth about $29,000. Torren Management LLC acquired a new position in Fair Isaac in the 4th quarter valued at about $30,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of Fair Isaac in the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 85.75% of the company’s stock.
Insider Transactions at Fair Isaac
In other Fair Isaac news, Director Eva Manolis sold 967 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $1,400.00, for a total transaction of $1,353,800.00. Following the sale, the director directly owned 498 shares in the company, valued at $697,200. This represents a 66.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is currently owned by company insiders.
Fair Isaac Price Performance
Fair Isaac (NYSE:FICO – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.76 by $0.42. The company had revenue of $674.19 million for the quarter, compared to analyst estimates of $679.17 million. Fair Isaac had a net margin of 34.05% and a negative return on equity of 32.51%. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.57 earnings per share. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. Equities research analysts anticipate that Fair Isaac Corporation will post 37.37 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on FICO shares. Weiss Ratings downgraded shares of Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Robert W. Baird set a $1,549.00 price objective on Fair Isaac in a report on Wednesday, April 29th. Wells Fargo & Company increased their price objective on Fair Isaac from $1,400.00 to $1,450.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Bank of America cut their target price on 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. Finally, Barclays reduced their target price on Fair Isaac from $1,950.00 to $1,700.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and an average target price of $1,553.69.
Check Out Our Latest Research Report on Fair Isaac
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.
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