Handelsbanken Fonder AB Sells 1,034 Shares of Fair Isaac Corporation $FICO

Key Points

• Handelsbanken Fonder AB reduced its Fair Isaac stake by 12.9% in the second quarter, selling 1,034 shares and retaining 6,989 shares valued at approximately $8.35 million.
• Institutional investors own 85.75% of FICO, while director Eva Manolis sold 967 shares for about $1.35 million under a pre-arranged Rule 10b5-1 trading plan.
• Analysts maintain a “Moderate Buy” consensus with a $1,571.29 price target. Fair Isaac’s latest quarterly earnings beat estimates, with EPS of $12.18 and revenue up 25.7% year over year.

Handelsbanken Fonder AB decreased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 12.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,989 shares of the technology company's stock after selling 1,034 shares during the period. Handelsbanken Fonder AB's holdings in Fair Isaac were worth $8,350,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC raised its position in shares of Fair Isaac by 7.0% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 383 shares of the technology company's stock valued at $458,000 after buying an additional 25 shares in the last quarter. Ebert Capital Management Inc. increased its stake in Fair Isaac by 4.6% during the second quarter. Ebert Capital Management Inc. now owns 3,267 shares of the technology company's stock worth $3,903,000 after acquiring an additional 143 shares during the last quarter. FNY Investment Advisers LLC raised its position in Fair Isaac by 3.6% during the second quarter. FNY Investment Advisers LLC now owns 398 shares of the technology company's stock valued at $475,000 after purchasing an additional 14 shares during the period. Czech National Bank lifted its stake in shares of Fair Isaac by 2.2% in the 2nd quarter. Czech National Bank now owns 6,601 shares of the technology company's stock valued at $7,887,000 after purchasing an additional 140 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of Fair Isaac by 10.5% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 2,740 shares of the technology company's stock worth $3,274,000 after purchasing an additional 260 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Eva Manolis sold 967 shares of the company's stock in a transaction 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 completion of the sale, the director directly owned 498 shares in the company, valued at approximately $697,200. This represents a 66.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.02% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FICO. Bank of America lowered their price target on Fair Isaac from $1,550.00 to $1,400.00 and set a "buy" rating for the company in a research report on Tuesday, May 19th. Royal Bank Of Canada lowered their target price on shares of 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. Raymond James Financial reaffirmed an "outperform" rating and set a $1,750.00 price target on shares of Fair Isaac in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of Fair Isaac from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Finally, Robert W. Baird set a $1,549.00 price objective on shares of Fair Isaac in a research note on Wednesday, April 29th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,571.29.

Fair Isaac Price Performance

Shares of FICO opened at $1,107.66 on Friday. The firm has a market capitalization of $23.93 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 0.94 and a beta of 1.30. Fair Isaac Corporation has a 1-year low of $870.01 and a 1-year high of $1,998.01. The company has a 50-day moving average of $1,182.20 and a 200 day moving average of $1,198.18.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $12.18 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $679.17 million. During the same period last year, the company 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, equities analysts anticipate that Fair Isaac Corporation will post 37.37 earnings per share for the current fiscal year.

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.

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