Whittier Trust Co. of Nevada Inc. Boosts Position in Fair Isaac Corporation $FICO

Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,151 shares of the technology company’s stock after acquiring an additional 250 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Fair Isaac were worth $13,072,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Meeder Asset Management Inc. increased its stake in shares of Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after buying an additional 5 shares during the period. Baker Avenue Asset Management LP increased its stake in shares of Fair Isaac by 4.6% during the first quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company’s stock valued at $209,000 after buying an additional 5 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of Fair Isaac by 4.4% during the first quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company’s stock valued at $262,000 after purchasing an additional 6 shares in the last quarter. Forum Financial Management LP grew its stake in Fair Isaac by 2.2% in the first quarter. Forum Financial Management LP now owns 275 shares of the technology company’s stock worth $507,000 after purchasing an additional 6 shares during the period. Finally, Ironwood Investment Counsel LLC grew its stake in Fair Isaac by 5.8% in the first quarter. Ironwood Investment Counsel LLC now owns 109 shares of the technology company’s stock worth $201,000 after purchasing an additional 6 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FICO has been the topic of several recent research reports. Seaport Res Ptn raised Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fair Isaac in a research note on Wednesday, October 8th. Barclays upped their price target on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Oppenheimer cut Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Finally, Raymond James Financial reduced their price target on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus target price of $2,137.43.

Fair Isaac Trading Up 0.4%

Fair Isaac stock opened at $1,621.92 on Tuesday. The business’s fifty day simple moving average is $1,539.31 and its two-hundred day simple moving average is $1,688.69. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51. The company has a market capitalization of $38.93 billion, a price-to-earnings ratio of 63.43, a price-to-earnings-growth ratio of 1.74 and a beta of 1.35.

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

Insider Activity

In other news, CEO William J. Lansing sold 6,011 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the transaction, the chief executive officer directly owned 42,138 shares of the company’s stock, valued at $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 18,032 shares of company stock worth $28,094,085 over the last 90 days. Corporate insiders own 3.46% of the company’s stock.

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.