Bank of New York Mellon Corp Buys New Holdings in Fair Isaac Corporation $FICO

Bank of New York Mellon Corp purchased a new position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 127,519 shares of the technology company's stock, valued at approximately $152,357,000. Bank of New York Mellon Corp owned about 0.59% of Fair Isaac at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FICO. Brighton Jones LLC grew its stake in shares of Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the period. Great Lakes Advisors LLC lifted its stake in shares of Fair Isaac by 5.7% in the 1st quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company's stock valued at $207,000 after purchasing an additional 6 shares during the period. Woodline Partners LP lifted its stake in shares of Fair Isaac by 46.1% in the 1st quarter. Woodline Partners LP now owns 2,138 shares of the technology company's stock valued at $3,943,000 after purchasing an additional 675 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Fair Isaac by 18.0% during the second quarter. Treasurer of the State of North Carolina now owns 14,037 shares of the technology company's stock worth $25,659,000 after buying an additional 2,146 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Fair Isaac by 16.1% during the second quarter. Alliancebernstein L.P. now owns 211,947 shares of the technology company's stock worth $387,431,000 after buying an additional 29,408 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Eva Manolis sold 967 shares of Fair Isaac stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $1,400.00, for a total value of $1,353,800.00. Following the sale, the director directly owned 498 shares of the company's stock, valued at $697,200. The trade was a 66.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is owned by corporate insiders.

Fair Isaac Stock Up 0.1%

FICO opened at $1,174.20 on Monday. The company has a market cap of $25.36 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30. Fair Isaac Corporation has a twelve month low of $870.01 and a twelve month high of $1,998.01. The company has a 50-day moving average price of $1,173.21 and a 200 day moving average price of $1,181.79.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $12.18 earnings per share (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 company had revenue of $674.19 million for the quarter, compared to analysts' expectations of $679.17 million. During the same period in the previous year, the firm posted $8.57 EPS. Fair Isaac's 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. As a group, sell-side analysts expect that Fair Isaac Corporation will post 37.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FICO. Barclays lowered their target price on shares of Fair Isaac from $1,950.00 to $1,700.00 and set an "overweight" rating on the stock in a research note on Monday, August 10th. Bank of America reduced their price target on Fair Isaac from $1,550.00 to $1,400.00 and set a "buy" rating for the company in a report on Tuesday, May 19th. Royal Bank Of Canada lowered their price target on Fair Isaac from $2,400.00 to $1,525.00 and set an "outperform" rating on the stock in a research report on Thursday, July 30th. JPMorgan Chase & Co. dropped their price objective on 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, Raymond James Financial restated an "outperform" rating and issued a $1,750.00 price objective on shares of Fair Isaac in a research report on Wednesday, April 29th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,553.69.

About Fair Isaac

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source