Van ECK Associates Corp Has $267.39 Million Stake in Fair Isaac Corporation $FICO

Van ECK Associates Corp increased its stake in Fair Isaac Corporation (NYSE:FICO) by 95.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 223,798 shares of the technology company’s stock after purchasing an additional 109,027 shares during the quarter. Van ECK Associates Corp’s holdings in Fair Isaac were worth $267,389,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of America Corp DE raised its stake in shares of Fair Isaac by 5.7% during the 1st quarter. Bank of America Corp DE now owns 133,448 shares of the technology company’s stock worth $142,461,000 after buying an additional 7,154 shares in the last quarter. Soltis Investment Advisors LLC acquired a new position in Fair Isaac during the fourth quarter worth $2,379,000. Brighton Jones LLC raised its position in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after acquiring an additional 302 shares in the last quarter. Titan Global Capital Management USA LLC lifted its holdings in Fair Isaac by 42.6% in the fourth quarter. Titan Global Capital Management USA LLC now owns 7,993 shares of the technology company’s stock valued at $13,513,000 after acquiring an additional 2,387 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Fair Isaac in the second quarter valued at $67,760,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on FICO. Bank of America reduced their price target on shares of Fair Isaac from $1,550.00 to $1,400.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Wall Street Zen cut Fair Isaac from a “buy” rating to a “hold” rating in a report on Sunday, June 28th. Jefferies Financial Group set a $1,675.00 price objective on Fair Isaac in a report on Monday, August 3rd. UBS Group cut their price target on shares of Fair Isaac from $1,200.00 to $1,130.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. Finally, Weiss Ratings cut Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $1,553.69.

Insider Transactions at Fair Isaac

In other news, Director Eva Manolis sold 967 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $1,400.00, for a total transaction of $1,353,800.00. Following the completion of the sale, the director owned 498 shares in the company, valued at approximately $697,200. This represents a 66.01% decrease in their position. The sale was disclosed in a legal 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. Company insiders own 3.02% of the company’s stock.

Fair Isaac Trading Down 0.2%

NYSE:FICO opened at $1,154.38 on Friday. Fair Isaac Corporation has a 52 week low of $870.01 and a 52 week high of $1,998.01. The stock has a 50 day moving average of $1,174.41 and a 200-day moving average of $1,175.59. The firm has a market capitalization of $24.93 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 1.04 and a beta of 1.30.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share for the quarter, beating analysts’ consensus estimates of $11.76 by $0.42. The company had revenue of $674.19 million for the quarter, compared to analysts’ expectations of $679.17 million. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%.The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the previous 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, analysts predict that Fair Isaac Corporation will post 37.37 EPS for the current fiscal year.

Fair Isaac Company Profile

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.