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

Cabot Wealth Management Inc. lifted its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 0.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,079 shares of the technology company’s stock after acquiring an additional 17 shares during the period. Cabot Wealth Management Inc.’s holdings in Fair Isaac were worth $3,800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Fair Isaac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock valued at $5,463,202,000 after purchasing an additional 58,740 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Fair Isaac by 0.4% during the 1st 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 purchasing an additional 3,677 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Fair Isaac by 7.3% during the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company’s stock valued at $722,585,000 after purchasing an additional 26,811 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Fair Isaac by 4.7% during the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company’s stock valued at $712,985,000 after purchasing an additional 17,498 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Fair Isaac by 29.7% during the 1st 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 purchasing an additional 72,518 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Price Performance

FICO opened at $1,664.53 on Friday. The company’s 50 day moving average price is $1,561.44 and its two-hundred day moving average price is $1,686.51. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The firm has a market capitalization of $39.95 billion, a price-to-earnings ratio of 65.10, a PEG ratio of 1.73 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts’ consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period in the prior year, the firm posted $6.25 EPS. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities research analysts predict 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 4,942 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the sale, the chief executive officer directly owned 43,207 shares of the company’s stock, valued at approximately $70,485,307.38. This represents a 10.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 18,032 shares of company stock valued at $28,094,085. Corporate insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the topic of several research reports. Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Wells Fargo & Company boosted 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 report on Tuesday, October 14th. Needham & Company LLC reissued a “buy” rating and set a $1,950.00 target price on shares of Fair Isaac in a report on Thursday, October 2nd. Jefferies Financial Group reissued a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a report on Monday, August 18th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.