Bank of Nova Scotia Buys Shares of 1,921 Fair Isaac Corporation $FICO

Key Points

• Bank of Nova Scotia purchased 1,921 FICO shares worth approximately $2.3 million during the second quarter. Institutional investors and hedge funds collectively own 85.75% of Fair Isaac’s outstanding stock.
• Fair Isaac reported quarterly EPS of $12.18, beating estimates of $11.76, while revenue rose 25.7% year over year to $674.19 million, slightly below expectations.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,553.69; FICO shares recently opened at $1,132.75, while a company director sold 967 shares for about $1.35 million.

Bank of Nova Scotia purchased a new position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,921 shares of the technology company's stock, valued at approximately $2,295,000.

Several other hedge funds have also made changes to their positions in FICO. Bayban acquired a new stake in Fair Isaac during the 4th quarter worth approximately $25,000. Torren Management LLC acquired a new position in shares of Fair Isaac in the fourth quarter worth $30,000. Rakuten Securities Inc. increased its position in shares of Fair Isaac by 100.0% during the second quarter. Rakuten Securities Inc. now owns 24 shares of the technology company's stock worth $44,000 after acquiring an additional 12 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of Fair Isaac in the fourth quarter valued at $42,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Fair Isaac in the second quarter valued at $30,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Trading Down 0.4%

Shares of FICO stock opened at $1,132.75 on Thursday. The company has a market cap of $24.47 billion, a P/E ratio of 32.72, a PEG ratio of 1.02 and a beta of 1.30. The firm has a fifty day moving average price of $1,172.07 and a 200 day moving average price of $1,177.39. Fair Isaac Corporation has a 12 month low of $870.01 and a 12 month high of $1,998.01.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share for the quarter, beating analysts' consensus estimates of $11.76 by $0.42. The company had revenue of $674.19 million for the quarter, compared to analysts' expectations of $679.17 million. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%.Fair Isaac's quarterly revenue was up 25.7% on a year-over-year basis. During the same period last year, the firm earned $8.57 earnings per share. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. On average, equities analysts forecast that Fair Isaac Corporation will post 37.37 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In other news, Director Eva Manolis sold 967 shares of the firm's stock in a transaction dated 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 owned 498 shares of the company's stock, valued at approximately $697,200. This trade represents a 66.01% decrease in their position. The sale was disclosed in a legal filing 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. Company insiders own 3.02% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Fair Isaac from $1,325.00 to $1,225.00 and set a "neutral" rating for the company in a research note on Thursday, April 30th. Raymond James Financial reaffirmed an "outperform" rating and issued a $1,750.00 price target on shares of Fair Isaac in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their price objective on Fair Isaac from $1,400.00 to $1,450.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Bank of America cut their target price on shares of Fair Isaac from $1,550.00 to $1,400.00 and set a "buy" rating on the stock in a research note on Tuesday, May 19th. Finally, Royal Bank Of Canada reduced their target price on shares of Fair Isaac from $2,400.00 to $1,525.00 and set an "outperform" rating on the stock in a report on Thursday, July 30th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,553.69.

Fair Isaac 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.

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