XXEC Inc. Buys New Position in Fair Isaac Corporation $FICO

XXEC Inc. purchased a new position in shares of Fair Isaac Corporation (NYSE:FICO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,534 shares of the technology company’s stock, valued at approximately $32,201,000. Fair Isaac makes up approximately 0.0% of XXEC Inc.’s holdings, making the stock its 16th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE grew its position in Fair Isaac by 5.7% in the 1st quarter. Bank of America Corp DE now owns 133,448 shares of the technology company’s stock worth $142,461,000 after purchasing an additional 7,154 shares in the last quarter. Soltis Investment Advisors LLC bought a new position in shares of Fair Isaac during the 4th quarter worth approximately $2,379,000. Brighton Jones LLC boosted its stake in shares of Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after buying an additional 302 shares during the last quarter. Titan Global Capital Management USA LLC boosted its stake in shares of Fair Isaac by 42.6% in the 4th quarter. Titan Global Capital Management USA LLC now owns 7,993 shares of the technology company’s stock worth $13,513,000 after buying an additional 2,387 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Fair Isaac in the second quarter valued at approximately $67,760,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 2.1%

FICO opened at $1,157.46 on Friday. Fair Isaac Corporation has a 12 month low of $870.01 and a 12 month high of $1,998.01. The company has a market cap of $25.00 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.02 and a beta of 1.30. The company has a 50 day moving average of $1,173.27 and a 200 day moving average of $1,175.74.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.76 by $0.42. The business had revenue of $674.19 million for 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%. 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 firm posted $8.57 EPS. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. Research analysts forecast that Fair Isaac Corporation will post 37.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $1,650.00 price target on shares of Fair Isaac in a report on Thursday, July 30th. Barclays reduced their price objective on Fair Isaac from $1,950.00 to $1,700.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. UBS Group lowered their target price on Fair Isaac from $1,200.00 to $1,130.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. JPMorgan Chase & Co. cut their price target on shares of Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Finally, Jefferies Financial Group set a $1,675.00 price target on shares of Fair Isaac in a research report on Monday, August 3rd. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,553.69.

Insider Activity

In related news, Director Eva Manolis sold 967 shares of the business’s 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 sale, the director directly owned 498 shares in the company, valued at approximately $697,200. The trade was a 66.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.02% of the company’s stock.

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.