Solstein Capital LLC Boosts Holdings in Fair Isaac Corporation $FICO

Solstein Capital LLC grew its position in shares of Fair Isaac Corporation (NYSE:FICO) by 277.8% during the second quarter, HoldingsChannel reports. The firm owned 68 shares of the technology company’s stock after buying an additional 50 shares during the period. Solstein Capital LLC’s holdings in Fair Isaac were worth $124,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Fair Isaac by 20.7% during the second quarter. Envestnet Asset Management Inc. now owns 47,729 shares of the technology company’s stock valued at $87,247,000 after purchasing an additional 8,199 shares during the period. Resonant Capital Advisors LLC raised its stake in shares of Fair Isaac by 6.0% during the second quarter. Resonant Capital Advisors LLC now owns 338 shares of the technology company’s stock valued at $618,000 after purchasing an additional 19 shares during the period. VestGen Investment Management raised its stake in shares of Fair Isaac by 7.6% during the second quarter. VestGen Investment Management now owns 310 shares of the technology company’s stock valued at $567,000 after purchasing an additional 22 shares during the period. Cabot Wealth Management Inc. increased its stake in shares of Fair Isaac by 0.8% in the second quarter. Cabot Wealth Management Inc. now owns 2,079 shares of the technology company’s stock worth $3,800,000 after buying an additional 17 shares during the last quarter. Finally, Brighton Jones LLC increased its stake in shares of Fair Isaac by 7.2% in the second quarter. Brighton Jones LLC now owns 523 shares of the technology company’s stock worth $957,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Activity

In other news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer owned 42,138 shares of the company’s stock, valued at approximately $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 18,032 shares of company stock worth $28,094,085 over the last three months. Insiders own 3.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FICO. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research note on Monday, August 18th. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of Fair Isaac in a research note on Saturday. BMO Capital Markets lifted their price target on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a research note on Monday, August 18th. Finally, Wells Fargo & Company lifted their price target on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Three equities 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,137.43.

Fair Isaac Price Performance

FICO stock opened at $1,664.53 on Monday. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The firm has a fifty day moving average price of $1,561.44 and a two-hundred day moving average price of $1,685.38. The firm has a market cap 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 released its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same quarter in the previous year, the firm earned $6.25 earnings per share. The firm’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. As a group, analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac 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.