Bank of America Corp DE Acquires New Holdings in Fair Isaac Corporation $FICO

Key Points

• Bank of America acquired 79,555 Fair Isaac shares worth approximately $95.1 million during the second quarter, representing about 0.37% of FICO. Institutional investors and hedge funds collectively own 85.75% of the stock.
• Analysts remain broadly positive, with 11 Buy ratings and five Holds, producing a consensus “Moderate Buy” rating and an average price target of $1,553.69.
• Fair Isaac’s latest quarterly results exceeded expectations on earnings, reporting $12.18 in EPS versus the $11.76 consensus, while revenue increased 25.7% year over year to $674.19 million.

Bank of America Corp DE bought a new stake in Fair Isaac Corporation (NYSE:FICO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 79,555 shares of the technology company's stock, valued at approximately $95,051,000. Bank of America Corp DE owned approximately 0.37% of Fair Isaac at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FICO. Bayban acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $25,000. Western Wealth Management LLC acquired a new stake in Fair Isaac during the 1st quarter worth approximately $29,000. Keating Financial Advisory Services Inc. acquired a new stake in Fair Isaac during the 2nd quarter worth approximately $30,000. Harbour Investments Inc. grew its holdings in 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 acquiring an additional 14 shares during the last quarter. Finally, Reflection Asset Management bought a new stake in Fair Isaac during the 4th quarter worth approximately $52,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on FICO. Jefferies Financial Group set a $1,675.00 price target on shares of Fair Isaac in a research note on Monday, August 3rd. Needham & Company LLC reissued a "buy" rating and issued a $1,650.00 price objective on shares of Fair Isaac in a research note on Thursday, July 30th. Royal Bank Of Canada decreased their price objective on Fair Isaac from $2,400.00 to $1,525.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Wall Street Zen lowered Fair Isaac from a "buy" rating to a "hold" rating in a research report on Sunday, June 28th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a report on Wednesday, September 9th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,553.69.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $949.65 on Friday. The stock has a market cap of $20.51 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 0.87 and a beta of 1.32. Fair Isaac Corporation has a fifty-two week low of $870.01 and a fifty-two week high of $1,998.01. The firm's 50-day simple moving average is $1,113.05 and its 200 day simple moving average is $1,140.03.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $12.18 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $679.17 million. During the same period in the prior year, the business posted $8.57 earnings per share. The company's quarterly revenue was up 25.7% compared to the same quarter last year. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. On average, sell-side analysts predict that Fair Isaac Corporation will post 37.2 EPS for the current year.

Insider Transactions at Fair Isaac

In other Fair Isaac news, Director Eva Manolis sold 967 shares of Fair Isaac stock in a transaction that occurred 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 of the company's stock, valued at $697,200. This trade represents a 66.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Company 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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