Fair Isaac Corporation $FICO Shares Sold by Baskin Financial Services Inc.

Baskin Financial Services Inc. decreased its position in shares of Fair Isaac Corporation (NYSE:FICO) by 3.7% during the third quarter, Holdings Channel.com reports. The fund owned 31,280 shares of the technology company’s stock after selling 1,217 shares during the quarter. Fair Isaac accounts for 1.5% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 26th largest holding. Baskin Financial Services Inc.’s holdings in Fair Isaac were worth $18,532,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Fair Isaac in the second quarter worth approximately $2,491,517,000. Primecap Management Co. CA bought a new stake in shares of Fair Isaac during the 2nd quarter valued at $433,508,000. Van ECK Associates Corp raised its position in shares of Fair Isaac by 95.0% during the 2nd quarter. Van ECK Associates Corp now owns 223,798 shares of the technology company’s stock valued at $267,389,000 after purchasing an additional 109,027 shares during the period. Lindsell Train Ltd raised its position in shares of Fair Isaac by 15.2% during the 1st quarter. Lindsell Train Ltd now owns 249,422 shares of the technology company’s stock valued at $266,268,000 after purchasing an additional 32,829 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Fair Isaac by 9.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 175,917 shares of the technology company’s stock valued at $187,798,000 after buying an additional 14,792 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. The Goldman Sachs Group set a $1,322.00 target price on shares of Fair Isaac in a report on Tuesday, September 29th. Mizuho set a $1,063.00 price target on Fair Isaac in a research note on Monday. Wells Fargo & Company decreased their price target on Fair Isaac from $1,350.00 to $950.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. UBS Group lowered their price objective on 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. Finally, Bank of America lowered Fair Isaac from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $1,400.00 to $700.00 in a research note on Wednesday, September 30th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,095.94.

Insider Activity at Fair Isaac

In related news, Director Eva Manolis sold 967 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $1,400.00, for a total value of $1,353,800.00. Following the sale, the director directly owned 498 shares in the company, valued at approximately $697,200. The trade was a 66.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.02% of the company’s stock.

Fair Isaac Stock Performance

FICO traded up $5.74 during trading on Monday, reaching $776.93. 112,483 shares of the company traded hands, compared to its average volume of 444,837. The company has a market cap of $16.78 billion, a P/E ratio of 22.43, a PEG ratio of 0.89 and a beta of 1.35. Fair Isaac Corporation has a 12-month low of $586.05 and a 12-month high of $1,858.91. The firm has a fifty day simple moving average of $935.43 and a 200 day simple moving average of $1,074.82.

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 company had revenue of $674.19 million during the quarter, compared to analysts’ expectations of $679.17 million. Fair Isaac had a net margin of 34.05% and a negative return on equity of 32.51%. Fair Isaac’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period last year, the company posted $8.57 earnings per share. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. As a group, sell-side analysts expect that Fair Isaac Corporation will post 36.83 earnings per share for the current fiscal year.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, develops analytics and decision-management software used by businesses to assess risk, detect fraud and make customer-related decisions. The company is best known for the FICO Score, a credit-risk scoring system used by lenders and other financial institutions to evaluate consumer creditworthiness.

FICO’s offerings include credit scoring solutions, decisioning platforms, fraud-detection tools, customer management software and predictive analytics.