Osmosis Investment Management UK Ltd bought a new stake in Fair Isaac Corporation (NYSE:FICO – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 606 shares of the technology company’s stock, valued at approximately $724,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in Fair Isaac during the second quarter worth about $1,103,000. Biondo Investment Advisors LLC acquired a new position in shares of Fair Isaac in the 2nd quarter valued at about $11,105,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Fair Isaac in the 2nd quarter valued at about $1,394,000. Bank of Nova Scotia purchased a new stake in shares of Fair Isaac during the 2nd quarter worth about $2,295,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Fair Isaac during the 2nd quarter worth approximately $351,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.
Fair Isaac Stock Down 2.4%
NYSE FICO opened at $1,138.87 on Wednesday. The stock has a market cap of $24.60 billion, a PE ratio of 32.90, a P/E/G ratio of 1.05 and a beta of 1.30. Fair Isaac Corporation has a fifty-two week low of $870.01 and a fifty-two week high of $1,998.01. The business has a 50 day moving average price of $1,171.94 and a two-hundred day moving average price of $1,178.95.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $1,650.00 price target on shares of Fair Isaac in a report on Thursday, July 30th. Barclays dropped their price objective on shares of Fair Isaac from $1,950.00 to $1,700.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Robert W. Baird set a $1,549.00 target price on shares of Fair Isaac in a research note on Wednesday, April 29th. Raymond James Financial restated an “outperform” rating and set a $1,750.00 target price on shares of Fair Isaac in a report on Wednesday, April 29th. Finally, Weiss Ratings cut 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,553.69.
Check Out Our Latest Report on Fair Isaac
Insiders Place Their Bets
In related news, Director Eva Manolis sold 967 shares of Fair Isaac stock in a transaction 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 sale, the director owned 498 shares of the company’s stock, valued at $697,200. The trade was a 66.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.02% of the company’s stock.
About Fair Isaac
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.
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