Elevation Point Wealth Partners LLC Takes $472,000 Position in Fair Isaac Corporation $FICO

Elevation Point Wealth Partners LLC acquired a new stake in Fair Isaac Corporation (NYSE:FICO) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 258 shares of the technology company’s stock, valued at approximately $472,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FICO. Vinva Investment Management Ltd increased its stake in Fair Isaac by 18.0% during the second quarter. Vinva Investment Management Ltd now owns 1,530 shares of the technology company’s stock worth $2,779,000 after purchasing an additional 233 shares during the period. Employees Retirement System of Texas acquired a new position in shares of Fair Isaac in the second quarter valued at approximately $358,000. Choreo LLC increased its stake in Fair Isaac by 6.8% during the 2nd quarter. Choreo LLC now owns 1,863 shares of the technology company’s stock worth $3,406,000 after buying an additional 118 shares during the period. Northwest & Ethical Investments L.P. acquired a new stake in Fair Isaac during the 2nd quarter worth approximately $727,000. Finally, Russell Investments Group Ltd. boosted its position in Fair Isaac by 4.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 26,734 shares of the technology company’s stock valued at $48,853,000 after buying an additional 1,185 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the transaction, the chief executive officer directly owned 42,138 shares of the company’s stock, valued at $64,787,175. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 14,422 shares of company stock valued at $23,226,939. Corporate insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FICO shares. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. UBS Group boosted their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Griffin Securities set a $1,800.00 price target on Fair Isaac in a research report on Monday, August 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Fair Isaac in a research report on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $1,950.00 target price on shares of Fair Isaac in a report on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,118.50.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,805.83 on Friday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,400.00. The stock has a market cap of $42.81 billion, a P/E ratio of 70.62, a P/E/G ratio of 1.63 and a beta of 1.34. The stock has a 50-day simple moving average of $1,677.10 and a 200-day simple moving average of $1,644.38.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, November 5th. The technology company reported $7.74 earnings per share for the quarter, topping the consensus estimate of $7.36 by $0.38. The firm had revenue of $515.75 million during the quarter, compared to analysts’ expectations of $512.38 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.54 earnings per share. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. On average, equities research analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current 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.