Fair Isaac Corporation $FICO Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. trimmed its position in Fair Isaac Corporation (NYSE:FICO) by 20.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35 shares of the technology company’s stock after selling 9 shares during the period. Washington Trust Advisors Inc.’s holdings in Fair Isaac were worth $64,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Geo Capital Gestora de Recursos Ltd acquired a new position in Fair Isaac in the first quarter worth about $28,000. ORG Partners LLC acquired a new position in Fair Isaac in the second quarter worth about $27,000. Hilltop National Bank acquired a new position in Fair Isaac in the second quarter worth about $27,000. N.E.W. Advisory Services LLC acquired a new position in Fair Isaac in the first quarter worth about $30,000. Finally, Meeder Asset Management Inc. lifted its holdings in Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after acquiring an additional 5 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 4,942 shares of Fair Isaac stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total transaction of $8,062,082.28. Following the sale, the chief executive officer owned 43,207 shares of the company’s stock, valued at approximately $70,485,307.38. The trade was a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 18,032 shares of company stock worth $28,094,085 over the last quarter. Insiders own 3.46% of the company’s stock.

Fair Isaac Trading Up 3.0%

FICO opened at $1,664.53 on Friday. The business’s 50 day moving average is $1,561.44 and its 200-day moving average is $1,686.38. The stock has a market cap of $39.96 billion, a PE ratio of 65.10, a price-to-earnings-growth ratio of 1.68 and a beta of 1.35. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating analysts’ consensus estimates of $7.75 by $0.82. The company had revenue of $536.42 million for the quarter, compared to analysts’ expectations of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Fair Isaac in a report on Wednesday, October 8th. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a report on Monday, August 18th. UBS Group raised their target price on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Oppenheimer cut shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Finally, Raymond James Financial cut their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $2,137.43.

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.