Cresset Asset Management LLC Cuts Stock Position in Fair Isaac Corporation $FICO

Cresset Asset Management LLC cut its position in shares of Fair Isaac Corporation (NYSE:FICO) by 29.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 900 shares of the technology company’s stock after selling 373 shares during the quarter. Cresset Asset Management LLC’s holdings in Fair Isaac were worth $1,347,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FICO. Heartland Bank & Trust Co lifted its position in Fair Isaac by 1.3% in the 3rd quarter. Heartland Bank & Trust Co now owns 464 shares of the technology company’s stock worth $694,000 after buying an additional 6 shares during the last quarter. Great Lakes Advisors LLC raised its stake in shares of Fair Isaac by 5.7% during the first quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock worth $207,000 after acquiring an additional 6 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Fair Isaac by 66.7% during the third quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 8 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Fair Isaac by 5.9% during the third quarter. Parkside Financial Bank & Trust now owns 143 shares of the technology company’s stock valued at $214,000 after buying an additional 8 shares during the last quarter. Finally, Arete Wealth Advisors LLC lifted its stake in shares of Fair Isaac by 3.9% in the 3rd quarter. Arete Wealth Advisors LLC now owns 215 shares of the technology company’s stock valued at $322,000 after acquiring an additional 8 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

FICO opened at $1,441.03 on Tuesday. Fair Isaac Corporation has a one year low of $1,193.09 and a one year high of $2,217.60. The business has a 50 day simple moving average of $1,478.95 and a two-hundred day simple moving average of $1,596.27. The firm has a market capitalization of $34.18 billion, a price-to-earnings ratio of 53.33, a PEG ratio of 1.42 and a beta of 1.28.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $7.33 earnings per share for the quarter, topping analysts’ consensus estimates of $7.08 by $0.25. The firm had revenue of $766.00 million for the quarter, compared to analyst estimates of $501.05 million. Fair Isaac had a negative return on equity of 40.98% and a net margin of 31.89%.The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $5.79 EPS. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. As a group, sell-side analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its board has initiated a share buyback program on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Fair Isaac

In other news, Director Eva Manolis sold 520 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,227.63, for a total value of $638,367.60. Following the completion of the sale, the director directly owned 344 shares of the company’s stock, valued at approximately $422,304.72. This trade represents a 60.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 1,426 shares of Fair Isaac stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total transaction of $2,581,060.00. Following the sale, the chief financial officer directly owned 2,804 shares in the company, valued at $5,075,240. The trade was a 33.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,825 shares of company stock worth $4,657,565 over the last quarter. Corporate insiders own 3.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FICO. Wells Fargo & Company lifted their price target on Fair Isaac from $2,400.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Fair Isaac in a research note on Monday, December 29th. Jefferies Financial Group raised their target price on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Bank of America began coverage on shares of Fair Isaac in a research note on Tuesday, February 17th. They issued a “buy” rating and a $1,900.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating on shares of Fair Isaac in a research report on Thursday, February 26th. Nine 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 currently has a consensus rating of “Moderate Buy” and an average price target of $1,994.62.

Fair Isaac Company 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.