Bank of Nova Scotia Makes New $2.29 Million Investment in Fair Isaac Corporation $FICO

Bank of Nova Scotia bought a new position in shares of Fair Isaac Corporation (NYSE:FICO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,921 shares of the technology company’s stock, valued at approximately $2,295,000.

Several other institutional investors and hedge funds have also made changes to their positions in FICO. Bank of America Corp DE lifted its holdings in shares of Fair Isaac by 5.7% in the 1st quarter. Bank of America Corp DE now owns 133,448 shares of the technology company’s stock valued at $142,461,000 after buying an additional 7,154 shares during the period. Soltis Investment Advisors LLC acquired a new position in Fair Isaac during the fourth quarter worth $2,379,000. Brighton Jones LLC grew its holdings in Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after acquiring an additional 302 shares during the period. Titan Global Capital Management USA LLC raised its position in Fair Isaac by 42.6% in the fourth quarter. Titan Global Capital Management USA LLC now owns 7,993 shares of the technology company’s stock worth $13,513,000 after acquiring an additional 2,387 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Fair Isaac in the second quarter worth $67,760,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FICO has been the topic of several research analyst reports. UBS Group decreased their target price on shares of Fair Isaac from $1,200.00 to $1,130.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Royal Bank Of Canada decreased their price objective on shares of Fair Isaac from $2,400.00 to $1,525.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Wall Street Zen lowered shares of Fair Isaac from a “buy” rating to a “hold” rating in a research report on Sunday, June 28th. Wells Fargo & Company increased their target price on shares of Fair Isaac from $1,400.00 to $1,450.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Weiss Ratings downgraded shares of Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,553.69.

Fair Isaac Stock Down 0.4%

Fair Isaac stock opened at $1,132.75 on Thursday. Fair Isaac Corporation has a 52 week low of $870.01 and a 52 week high of $1,998.01. The firm’s 50-day simple moving average is $1,172.07 and its 200 day simple moving average is $1,177.39. The firm has a market capitalization of $24.47 billion, a PE ratio of 32.72, a P/E/G ratio of 1.02 and a beta of 1.30.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share for the quarter, beating the consensus estimate of $11.76 by $0.42. The firm had revenue of $674.19 million during the quarter, compared to the consensus estimate of $679.17 million. Fair Isaac had a net margin of 34.05% and a negative return on equity of 32.51%. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period last year, the firm posted $8.57 EPS. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. On average, research analysts expect that Fair Isaac Corporation will post 37.37 EPS for the current fiscal year.

Insider Activity at Fair Isaac

In other news, Director Eva Manolis sold 967 shares of the firm’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 transaction of $1,353,800.00. Following the completion of the transaction, the director directly owned 498 shares of the company’s stock, valued at $697,200. This trade represents a 66.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is owned by corporate insiders.

Fair Isaac Profile

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.