Fair Isaac Corporation $FICO Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 52.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,694 shares of the technology company’s stock after purchasing an additional 6,429 shares during the period. Federated Hermes Inc. owned approximately 0.08% of Fair Isaac worth $34,172,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FICO. Edgewood Management LLC bought a new stake in shares of Fair Isaac in the 2nd quarter worth $612,785,000. Norges Bank acquired a new position in Fair Isaac during the second quarter worth about $365,831,000. Brown Advisory Inc. raised its position in Fair Isaac by 2,047.5% in the second quarter. Brown Advisory Inc. now owns 99,387 shares of the technology company’s stock worth $181,676,000 after acquiring an additional 94,759 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Fair Isaac by 29.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock valued at $584,193,000 after acquiring an additional 72,518 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Fair Isaac during the 1st quarter valued at about $114,864,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

FICO opened at $1,751.82 on Wednesday. The company has a market capitalization of $41.54 billion, a PE ratio of 65.98, a price-to-earnings-growth ratio of 1.95 and a beta of 1.29. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,250.45. The business has a 50-day moving average of $1,710.54 and a 200-day moving average of $1,628.19.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share for the quarter, beating analysts’ consensus estimates of $7.36 by $0.38. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The business had revenue of $515.75 million for the quarter, compared to the consensus estimate of $512.38 million. During the same quarter last year, the firm earned $6.54 EPS. Fair Isaac’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities research analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FICO has been the subject of several recent research reports. Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. BMO Capital Markets cut their price objective on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Zacks Research lowered Fair Isaac from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday, August 18th. Finally, Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus target price of $2,076.77.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the sale, the chief executive officer owned 10,933 shares of the company’s stock, valued at $18,945,577.04. This trade represents a 18.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 8,411 shares of company stock worth $13,985,026 in the last three months. 3.46% of the stock is owned by corporate insiders.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.