Chevy Chase Trust Holdings LLC Buys 80 Shares of Fair Isaac Corporation $FICO

Chevy Chase Trust Holdings LLC increased its stake in Fair Isaac Corporation (NYSE:FICO) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,885 shares of the technology company’s stock after buying an additional 80 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Fair Isaac worth $23,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FICO. Stratos Wealth Partners LTD. grew its stake in shares of Fair Isaac by 117.4% in the second quarter. Stratos Wealth Partners LTD. now owns 850 shares of the technology company’s stock worth $1,554,000 after acquiring an additional 459 shares during the last quarter. Koa Wealth Management LLC boosted its stake in Fair Isaac by 73.4% in the 2nd quarter. Koa Wealth Management LLC now owns 1,777 shares of the technology company’s stock worth $3,248,000 after purchasing an additional 752 shares in the last quarter. Private Trust Co. NA grew its position in Fair Isaac by 33.3% during the 2nd quarter. Private Trust Co. NA now owns 36 shares of the technology company’s stock valued at $66,000 after purchasing an additional 9 shares during the last quarter. Angeles Wealth Management LLC bought a new stake in Fair Isaac during the 2nd quarter valued at about $239,000. Finally, Nordea Investment Management AB raised its holdings in Fair Isaac by 1.7% in the second quarter. Nordea Investment Management AB now owns 28,240 shares of the technology company’s stock worth $51,214,000 after buying an additional 467 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction on Tuesday, September 9th. The shares were 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. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 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 company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fair Isaac in a research note on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,950.00 price target on shares of Fair Isaac in a report on Thursday, October 2nd. Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, UBS Group boosted 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. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,137.43.

Fair Isaac Stock Performance

Fair Isaac stock opened at $1,614.22 on Friday. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51. The stock has a fifty day moving average of $1,533.05 and a 200 day moving average of $1,689.87. The stock has a market cap of $38.75 billion, a PE ratio of 63.13, a price-to-earnings-growth ratio of 1.74 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $520.40 million. During the same period in the previous year, the company posted $6.25 EPS. The business’s quarterly 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. As a group, sell-side analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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.