Daiichi Life Insurance Co. Ltd. Makes New $1.26 Million Investment in Fair Isaac Corporation $FICO

Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,052 shares of the technology company's stock, valued at approximately $1,257,000.

A number of other hedge funds have also modified their holdings of FICO. Great Lakes Advisors LLC increased its stake in shares of Fair Isaac by 5.7% in the first quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company's stock worth $207,000 after purchasing an additional 6 shares in the last quarter. San Luis Wealth Advisors LLC lifted its stake in shares of Fair Isaac by 2.8% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 253 shares of the technology company's stock valued at $379,000 after buying an additional 7 shares in the last quarter. Interchange Capital Partners LLC boosted its holdings in Fair Isaac by 1.0% in the 4th quarter. Interchange Capital Partners LLC now owns 812 shares of the technology company's stock worth $1,373,000 after buying an additional 8 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Fair Isaac by 4.9% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 172 shares of the technology company's stock worth $291,000 after buying an additional 8 shares during the period. Finally, Pinnacle Associates Ltd. increased its stake in Fair Isaac by 4.9% in the 4th quarter. Pinnacle Associates Ltd. now owns 172 shares of the technology company's stock worth $291,000 after buying an additional 8 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Performance

FICO opened at $1,165.63 on Tuesday. The stock has a market capitalization of $25.18 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 1.05 and a beta of 1.30. The company has a fifty day moving average of $1,172.94 and a 200 day moving average of $1,180.67. Fair Isaac Corporation has a fifty-two week low of $870.01 and a fifty-two week high of $1,998.01.

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, topping the consensus estimate of $11.76 by $0.42. Fair Isaac had a net margin of 34.05% and a negative return on equity of 32.51%. The business had revenue of $674.19 million for the quarter, compared to analysts' expectations of $679.17 million. During the same quarter in the previous year, the company earned $8.57 EPS. The business'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, equities research analysts forecast that Fair Isaac Corporation will post 37.37 earnings per share for the current year.

Insider Activity

In other news, Director Eva Manolis sold 967 shares of Fair Isaac stock in a transaction dated 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 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 SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.02% of the company's stock.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on Fair Isaac from $1,400.00 to $1,450.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Jefferies Financial Group set a $1,675.00 price objective on Fair Isaac in a research note on Monday, August 3rd. Robert W. Baird set a $1,549.00 target price on Fair Isaac in a research report on Wednesday, April 29th. 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 note on Wednesday, August 12th. Finally, Weiss Ratings cut Fair Isaac from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. Eleven equities 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 an average target price 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.

Want to see what other hedge funds are holding FICO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fair Isaac Corporation (NYSE:FICO - Free Report).

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