Wellington Management Group LLP Sells 12,521 Shares of Fair Isaac Corporation $FICO

Key Points

• Wellington Management cut its Fair Isaac stake by 83.3% in the second quarter, selling 12,521 shares and retaining 2,507 shares valued at approximately $3.0 million. Institutional investors collectively own 85.75% of FICO.
• Wall Street remains broadly positive, with a consensus rating of “Moderate Buy” from 16 analysts and an average price target of $1,553.69, despite some target-price reductions and a recent downgrade to “Hold.”
• FICO shares opened at $961.10, substantially below their 52-week high of $1,998.01. In its latest quarter, the company beat EPS estimates while revenue increased 25.7% year over year to $674.19 million.

Wellington Management Group LLP lessened its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 83.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,507 shares of the technology company's stock after selling 12,521 shares during the quarter. Wellington Management Group LLP's holdings in Fair Isaac were worth $2,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FICO. Bayban acquired a new stake in shares of Fair Isaac in the 4th quarter valued at about $25,000. Western Wealth Management LLC acquired a new position in shares of Fair Isaac during the first quarter worth about $29,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Fair Isaac during the second quarter worth about $30,000. Elyxium Wealth LLC bought a new position in shares of Fair Isaac during the fourth quarter worth about $42,000. Finally, Rakuten Securities Inc. grew its holdings 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 buying an additional 12 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent research reports. Barclays lowered their price objective on shares of Fair Isaac from $1,950.00 to $1,700.00 and set an "overweight" rating on the stock in a report on Monday, August 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,650.00 target price on shares of Fair Isaac in a research report on Thursday, July 30th. Jefferies Financial Group set a $1,675.00 price target on shares of Fair Isaac in a research note on Monday, August 3rd. Wall Street Zen cut shares of Fair Isaac from a "buy" rating to a "hold" rating in a research report on Sunday, June 28th. Finally, Wells Fargo & Company increased their price objective on shares of Fair Isaac from $1,400.00 to $1,450.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,553.69.

Insider Transactions at Fair Isaac

In other Fair Isaac news, Director Eva Manolis sold 967 shares of the firm's stock in a transaction on 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Down 2.2%

Shares of NYSE FICO opened at $961.10 on Friday. The business's 50 day moving average price is $1,148.53 and its two-hundred day moving average price is $1,153.19. The company has a market cap of $20.76 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. Fair Isaac Corporation has a twelve month low of $870.01 and a twelve month high of $1,998.01.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $12.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $679.17 million. During the same period last year, the firm posted $8.57 earnings per share. The business's revenue was up 25.7% on a year-over-year basis. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. As a group, research analysts anticipate that Fair Isaac Corporation will post 37.04 EPS for the current fiscal year.

Fair Isaac 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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