Cabot Wealth Management Inc. Acquires 17 Shares of Fair Isaac Corporation $FICO

Cabot Wealth Management Inc. raised its position in Fair Isaac Corporation (NYSE:FICO) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,079 shares of the technology company’s stock after acquiring an additional 17 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Fair Isaac were worth $3,800,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Fair Isaac by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock valued at $5,463,202,000 after acquiring an additional 58,740 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Fair Isaac by 0.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company’s stock valued at $1,518,803,000 after acquiring an additional 3,677 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Fair Isaac by 7.3% in the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company’s stock valued at $722,585,000 after acquiring an additional 26,811 shares during the last quarter. American Century Companies Inc. lifted its stake in Fair Isaac by 4.7% in the first quarter. American Century Companies Inc. now owns 386,618 shares of the technology company’s stock valued at $712,985,000 after acquiring an additional 17,498 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Fair Isaac by 29.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock valued at $584,193,000 after acquiring an additional 72,518 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FICO. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research note on Monday, August 18th. Raymond James Financial cut their price target on shares of 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. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Wells Fargo & Company raised their target price on shares of 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, Needham & Company LLC restated a “buy” rating and set a $1,950.00 target price on shares of Fair Isaac in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,137.43.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,664.53 on Friday. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The firm has a market cap of $39.95 billion, a price-to-earnings ratio of 65.10, a P/E/G ratio of 1.73 and a beta of 1.35. The firm’s 50-day simple moving average is $1,561.44 and its 200 day simple moving average is $1,686.51.

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 analysts’ consensus estimates of $7.75 by $0.82. The business had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. Fair Isaac’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period last year, the firm earned $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 18,032 shares of company stock valued at $28,094,085. 3.46% of the stock is currently owned by insiders.

Fair Isaac Company 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.