E Fund Management Co. Ltd. acquired a new position in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 635 shares of the technology company’s stock, valued at approximately $759,000.
Other hedge funds have also modified their holdings of the company. Bayban acquired a new stake in shares of Fair Isaac during the fourth quarter worth $25,000. Physician Wealth Advisors Inc. boosted its position in shares of Fair Isaac by 166.7% in the 4th quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock valued at $27,000 after purchasing an additional 10 shares during the period. Western Wealth Management LLC purchased a new position in Fair Isaac in the 1st quarter worth about $29,000. Torren Management LLC purchased a new position in Fair Isaac in the 4th quarter worth about $30,000. Finally, Elyxium Wealth LLC acquired a new stake in Fair Isaac during the 4th quarter worth about $42,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Fair Isaac news, Director Eva Manolis sold 967 shares of the company’s 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 value of $1,353,800.00. Following the transaction, the director owned 498 shares in the company, valued at approximately $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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.02% of the company’s stock.
Fair Isaac Trading Up 7.6%
Fair Isaac (NYSE:FICO – Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share for the quarter, beating analysts’ consensus estimates of $11.76 by $0.42. The company had revenue of $674.19 million for the quarter, compared to the consensus estimate of $679.17 million. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%.The firm’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.57 EPS. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. On average, equities analysts forecast that Fair Isaac Corporation will post 37.37 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have commented on FICO shares. JPMorgan Chase & Co. reduced their price objective on shares of Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group set a $1,675.00 target price on shares of Fair Isaac in a research report on Monday, August 3rd. Robert W. Baird set a $1,549.00 price target on shares of Fair Isaac in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Fair Isaac from a “buy” rating to a “hold” rating in a research report on Sunday, June 28th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $1,750.00 price objective on shares of Fair Isaac in a research note on Wednesday, April 29th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,553.69.
View Our Latest Stock Analysis on Fair Isaac
About Fair Isaac
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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