Fair Isaac Corporation $FICO Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. lessened its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 20.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35 shares of the technology company’s stock after selling 9 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Fair Isaac were worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FICO. Brighton Jones LLC increased its stake in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after acquiring an additional 302 shares during the period. GAMMA Investing LLC increased its stake in shares of Fair Isaac by 55.6% during the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company’s stock valued at $258,000 after acquiring an additional 50 shares during the period. International Assets Investment Management LLC increased its stake in shares of Fair Isaac by 4.3% during the first quarter. International Assets Investment Management LLC now owns 194 shares of the technology company’s stock valued at $358,000 after acquiring an additional 8 shares during the period. Golden State Wealth Management LLC grew its position in Fair Isaac by 137.8% in the first quarter. Golden State Wealth Management LLC now owns 88 shares of the technology company’s stock worth $162,000 after buying an additional 51 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its position in Fair Isaac by 26.2% in the first quarter. Perigon Wealth Management LLC now owns 164 shares of the technology company’s stock worth $302,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the topic of several recent research reports. Barclays lifted their price target on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research report on Monday, August 18th. 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 report on Monday, August 18th. Finally, Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $2,137.43.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 18,032 shares of company stock worth $28,094,085. Insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

NYSE FICO opened at $1,664.53 on Friday. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The stock has a market cap of $39.96 billion, a price-to-earnings ratio of 65.10, a PEG ratio of 1.68 and a beta of 1.35. The firm’s 50 day moving average price is $1,561.44 and its two-hundred day moving average price is $1,686.38.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $520.40 million. During the same period in the previous year, the company posted $6.25 EPS. The company’s quarterly revenue 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, research analysts forecast 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.