Mackenzie Financial Corp Sells 826 Shares of Fair Isaac Corporation $FICO

by · The Cerbat Gem

Mackenzie Financial Corp lessened its holdings in Fair Isaac Corporation (NYSE:FICO – Free Report) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,768 shares of the technology company’s stock after selling 826 shares during the period. Mackenzie Financial Corp’s holdings in Fair Isaac were worth $12,372,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ironwood Investment Counsel LLC lifted its position in shares of Fair Isaac by 5.8% in the first quarter. Ironwood Investment Counsel LLC now owns 109 shares of the technology company’s stock worth $201,000 after buying an additional 6 shares during the last quarter. MAI Capital Management raised its stake in shares of Fair Isaac by 11.8% in the 1st quarter. MAI Capital Management now owns 57 shares of the technology company’s stock valued at $105,000 after acquiring an additional 6 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in Fair Isaac by 5.7% in the 1st quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock worth $207,000 after purchasing an additional 6 shares during the last quarter. J. Safra Sarasin Holding AG boosted its position in Fair Isaac by 1.5% during the first quarter. J. Safra Sarasin Holding AG now owns 525 shares of the technology company’s stock worth $968,000 after purchasing an additional 8 shares during the period. Finally, DAVENPORT & Co LLC grew its holdings in Fair Isaac by 1.0% during the second quarter. DAVENPORT & Co LLC now owns 786 shares of the technology company’s stock valued at $1,437,000 after purchasing an additional 8 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 2,400 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at $18,945,577.04. This trade represents a 18.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 14,422 shares of company stock worth $23,226,939. 3.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FICO shares. BMO Capital Markets reduced their price objective on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Zacks Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Robert W. Baird upped their price target on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Barclays lifted their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Finally, Seaport Res Ptn raised Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $2,118.50.

Get Our Latest Report on FICO

Fair Isaac Stock Performance

NYSE:FICO opened at $1,779.81 on Wednesday. The firm’s 50-day moving average is $1,686.47 and its 200-day moving average is $1,631.65. The company has a market cap of $42.20 billion, a price-to-earnings ratio of 67.04, a PEG ratio of 1.96 and a beta of 1.29. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,400.00.

Fair Isaac (NYSE:FICO – Get Free Report) last released its earnings results on Wednesday, November 5th. The technology company reported $7.74 earnings per share for the quarter, topping analysts’ consensus estimates of $7.36 by $0.38. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The business had revenue of $515.75 million for the quarter, compared to the consensus estimate of $512.38 million. During the same period last year, the business earned $6.54 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. Equities analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

About Fair Isaac

(Free Report)

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.

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