NewEdge Wealth LLC Sells 1,272 Shares of Fair Isaac Corporation $FICO

NewEdge Wealth LLC decreased its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 90.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 134 shares of the technology company’s stock after selling 1,272 shares during the period. NewEdge Wealth LLC’s holdings in Fair Isaac were worth $218,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FICO. Edgewood Management LLC acquired a new stake in shares of Fair Isaac in the second quarter valued at about $612,785,000. Norges Bank acquired a new stake in Fair Isaac in the 2nd quarter valued at approximately $365,831,000. Brown Advisory Inc. increased its position in Fair Isaac by 2,047.5% during the second quarter. Brown Advisory Inc. now owns 99,387 shares of the technology company’s stock worth $181,676,000 after acquiring an additional 94,759 shares during the period. Vanguard Group Inc. increased its holdings in shares of Fair Isaac by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,069,749 shares of the technology company’s stock worth $4,593,971,000 after purchasing an additional 72,224 shares during the period. Finally, Artisan Partners Limited Partnership bought a new position in Fair Isaac during the second quarter valued at about $84,295,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fair Isaac

In related news, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the completion of the sale, the director directly owned 344 shares of the company’s stock, valued at $628,085.52. This trade represents a 60.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joanna Rees sold 358 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $1,360.00, for a total value of $486,880.00. Following the completion of the transaction, the director directly owned 11,204 shares in the company, valued at approximately $15,237,440. This represents a 3.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,305 shares of company stock valued at $4,019,197 in the last three months. Corporate insiders own 3.02% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Fair Isaac from $2,400.00 to $2,500.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. BMO Capital Markets lowered their target price on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Fair Isaac in a research report on Monday, December 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,975.00 price objective on shares of Fair Isaac in a report on Thursday, January 29th. Finally, Bank of America assumed coverage on Fair Isaac in a research note on Tuesday, February 17th. They issued a “buy” rating and a $1,900.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,994.62.

Fair Isaac Stock Up 6.1%

Shares of FICO stock opened at $1,303.08 on Thursday. The company has a market capitalization of $30.91 billion, a P/E ratio of 48.23, a P/E/G ratio of 1.18 and a beta of 1.27. Fair Isaac Corporation has a 12-month low of $1,193.09 and a 12-month high of $2,217.60. The firm has a 50-day moving average price of $1,528.01 and a 200 day moving average price of $1,589.12.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $7.33 earnings per share for the quarter, topping the consensus estimate of $7.08 by $0.25. Fair Isaac had a net margin of 31.89% and a negative return on equity of 40.98%. The firm had revenue of $766.00 million for the quarter, compared to analysts’ expectations of $501.05 million. During the same period in the prior year, the firm earned $5.79 earnings per share. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. As a group, research analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its board has authorized a stock repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to reacquire up to 5.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Fair Isaac 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.