Bank of Nova Scotia Has $10.65 Million Stake in Fair Isaac Corporation $FICO

Bank of Nova Scotia trimmed its stake in Fair Isaac Corporation (NYSE:FICO) by 19.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,972 shares of the technology company’s stock after selling 2,358 shares during the period. Bank of Nova Scotia’s holdings in Fair Isaac were worth $10,646,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bayban bought a new stake in Fair Isaac during the fourth quarter worth approximately $25,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Fair Isaac by 166.7% during the fourth quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock worth $27,000 after buying an additional 10 shares during the last quarter. Torren Management LLC acquired a new position in shares of Fair Isaac during the fourth quarter worth approximately $30,000. Rakuten Securities Inc. boosted its position in shares of Fair Isaac by 100.0% in the second quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock valued at $44,000 after acquiring an additional 12 shares during the period. Finally, Elyxium Wealth LLC bought a new position in shares of Fair Isaac during the 4th quarter worth about $42,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FICO shares. Weiss Ratings upgraded shares of Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Mizuho initiated coverage on Fair Isaac in a research report on Thursday, April 16th. They issued an “outperform” rating and a $1,416.00 price objective for the company. UBS Group lifted their price objective on Fair Isaac from $1,250.00 to $1,270.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Barclays cut their target price on Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Ten 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.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $1,627.93.

Fair Isaac Trading Up 0.1%

NYSE:FICO opened at $1,238.34 on Monday. The firm has a market capitalization of $28.72 billion, a price-to-earnings ratio of 39.23, a PEG ratio of 1.10 and a beta of 1.29. Fair Isaac Corporation has a 1-year low of $870.01 and a 1-year high of $1,998.01. The business’s 50-day moving average price is $1,212.80 and its two-hundred day moving average price is $1,243.18.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $12.50 EPS for the quarter, beating analysts’ consensus estimates of $11.03 by $1.47. The company had revenue of $691.68 million during the quarter, compared to analysts’ expectations of $630.21 million. Fair Isaac had a negative return on equity of 41.04% and a net margin of 33.67%.Fair Isaac’s revenue was up 38.7% on a year-over-year basis. During the same period in the prior year, the business posted $7.81 EPS. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. Sell-side analysts predict that Fair Isaac Corporation will post 38 earnings per share for the current year.

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.