XXEC Inc. Buys New Shares in Fair Isaac Corporation $FICO

Key Points

• XXEC Inc. acquired a new FICO position during the second quarter, purchasing 38.8 million shares valued at approximately $33.2 million. Other institutions also initiated stakes, with institutional investors owning 85.75% of the company.
• Analysts maintain a generally positive outlook, with 11 Buy ratings and five Holds producing a consensus “Moderate Buy” rating and an average price target of $1,553.69.
• 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. Director Eva Manolis separately sold 967 shares for about $1.35 million under a Rule 10b5-1 plan.

XXEC Inc. bought a new position in Fair Isaac Corporation (NYSE:FICO - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 38,814,075 shares of the technology company's stock, valued at approximately $33,189,000. Fair Isaac accounts for approximately 0.0% of XXEC Inc.'s investment portfolio, making the stock its 23rd biggest holding. XXEC Inc. owned 179.69% of Fair Isaac as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Westpac Banking Corp purchased a new stake in Fair Isaac during the second quarter valued at about $168,000. GCQ FUNDS MANAGEMENT PTY Ltd purchased a new position in shares of Fair Isaac in the second quarter worth about $56,719,000. Landscape Capital Management L.L.C. purchased a new position in shares of Fair Isaac in the second quarter worth about $686,000. Korea Investment CORP purchased a new position in shares of Fair Isaac in the second quarter worth about $13,298,000. Finally, Heartland Bank & Trust Co bought a new stake in shares of Fair Isaac in the 2nd quarter valued at about $551,000. 85.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FICO has been the subject of several analyst reports. Jefferies Financial Group set a $1,675.00 target price on Fair Isaac in a report on Monday, August 3rd. Wall Street Zen cut Fair Isaac from a "buy" rating to a "hold" rating in a research note on Sunday, June 28th. JPMorgan Chase & Co. lowered their price objective on Fair Isaac from $1,325.00 to $1,225.00 and set a "neutral" rating for the company in a research report on Thursday, April 30th. Robert W. Baird set a $1,549.00 price objective on Fair Isaac in a research note on Wednesday, April 29th. Finally, Barclays cut 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 report on Monday, August 10th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,553.69.

Insider Activity

In other news, Director Eva Manolis sold 967 shares of the business's 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 transaction of $1,353,800.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.

Fair Isaac Trading Up 2.1%

Fair Isaac stock opened at $1,174.20 on Friday. The firm has a market cap of $25.36 billion, a P/E ratio of 33.92, a P/E/G ratio of 1.05 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 firm has a 50-day moving average of $1,173.21 and a 200-day moving average of $1,183.68.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $674.19 million for the quarter, compared to the consensus estimate 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 revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.57 EPS. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. Research analysts forecast 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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