Baird Financial Group Inc. Has $3.41 Million Stake in Fair Isaac Corporation $FICO

Key Points

• Baird Financial Group cut its Fair Isaac stake by 81.6% in the second quarter, selling 12,655 shares and retaining 2,853 shares valued at approximately $3.41 million.
• Analysts remain broadly positive, with 11 Buy ratings and five Holds, resulting in a consensus “Moderate Buy” rating and an average price target of $1,553.69, despite several recent target-price reductions.
• Fair Isaac reported quarterly EPS of $12.18, exceeding estimates of $11.76, while revenue rose 25.7% year over year to $674.19 million; shares opened at $992.68, up 0.7%.

Baird Financial Group Inc. reduced its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 81.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,853 shares of the technology company's stock after selling 12,655 shares during the quarter. Baird Financial Group Inc.'s holdings in Fair Isaac were worth $3,409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bayban acquired a new position in Fair Isaac during the fourth quarter valued at approximately $25,000. Western Wealth Management LLC acquired a new stake in shares of Fair Isaac in the 1st quarter valued at $29,000. Keating Financial Advisory Services Inc. bought a new position in shares of Fair Isaac in the 2nd quarter valued at $30,000. Elyxium Wealth LLC bought a new position in shares of Fair Isaac in the 4th quarter valued at $42,000. Finally, Harbour Investments Inc. raised its holdings in shares of Fair Isaac by 82.4% during the 4th quarter. Harbour Investments Inc. now owns 31 shares of the technology company's stock worth $52,000 after buying an additional 14 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FICO has been the subject of several recent analyst reports. Weiss Ratings downgraded Fair Isaac from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday. UBS Group decreased 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 report on Wednesday, August 12th. Needham & Company LLC reissued a "buy" rating and set a $1,650.00 target price on shares of Fair Isaac in a research note on Thursday, July 30th. Barclays dropped their target price on shares of Fair Isaac from $1,950.00 to $1,700.00 and set an "overweight" rating for the company in a report on Monday, August 10th. Finally, Wells Fargo & Company raised their price target on shares of Fair Isaac from $1,400.00 to $1,450.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,553.69.

Insider Activity

In other news, Director Eva Manolis sold 967 shares of Fair Isaac stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $1,400.00, for a total transaction of $1,353,800.00. Following the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.02% of the company's stock.

Fair Isaac Stock Up 0.7%

Shares of FICO opened at $992.68 on Thursday. The stock has a market cap of $21.44 billion, a PE ratio of 28.67, a PEG ratio of 0.89 and a beta of 1.32. Fair Isaac Corporation has a 12-month low of $870.01 and a 12-month high of $1,998.01. The business has a 50-day simple moving average of $1,125.36 and a two-hundred day simple moving average of $1,144.49.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 EPS for the quarter, beating analysts' consensus estimates of $11.76 by $0.42. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%.The firm had revenue of $674.19 million for the quarter, compared to analyst estimates of $679.17 million. During the same period last year, the firm posted $8.57 earnings per share. The business's revenue for the quarter was up 25.7% on a year-over-year basis. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. On average, equities research analysts expect that Fair Isaac Corporation will post 37.2 EPS for the current year.

Fair Isaac Profile

Fair Isaac Corp. NYSE: FICO, commonly known as FICO, is an analytics and decision-management software company best known for developing the FICO Score. The company's scoring and predictive analytics products help lenders and other businesses evaluate credit risk, manage customer relationships and make data-driven decisions.

FICO provides software and services for a range of industries, including banking, insurance, telecommunications, retail and government. Its offerings include credit scoring solutions, fraud detection and prevention tools, customer engagement platforms, marketing analytics, and decision automation software designed to help organizations manage risk and improve operational efficiency.

The company was founded in 1956 by Bill Fair and Earl Isaac and originally operated as Fair, Isaac and Company.

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