Lombard Odier Asset Management Switzerland SA Buys New Holdings in Fair Isaac Corporation $FICO

Lombard Odier Asset Management Switzerland SA purchased a new position in Fair Isaac Corporation (NYSE:FICO) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 688 shares of the technology company’s stock, valued at approximately $734,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bayban bought a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $25,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Fair Isaac by 166.7% in 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 in the last quarter. Torren Management LLC bought a new position in shares of Fair Isaac during the fourth quarter worth $30,000. Elyxium Wealth LLC bought a new position in shares of Fair Isaac during the fourth quarter worth $42,000. Finally, Rakuten Securities Inc. grew its stake in Fair Isaac by 100.0% during 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 in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Weiss Ratings upgraded shares of Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. The Goldman Sachs Group cut their price objective on Fair Isaac from $1,770.00 to $1,528.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,750.00 target price on shares of Fair Isaac in a report on Wednesday, April 29th. Bank of America decreased their target price on Fair Isaac from $1,550.00 to $1,400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Finally, Mizuho assumed coverage on Fair Isaac in a research note on Thursday, April 16th. They set an “outperform” rating and a $1,416.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,627.93.

Fair Isaac Stock Up 4.3%

Fair Isaac stock opened at $1,335.37 on Wednesday. Fair Isaac Corporation has a 52-week low of $870.01 and a 52-week high of $1,998.01. The firm’s fifty day moving average is $1,217.73 and its 200 day moving average is $1,239.24. The company has a market cap of $30.97 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 1.14 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $12.50 EPS for the quarter, topping analysts’ consensus estimates of $11.03 by $1.47. Fair Isaac had a net margin of 33.67% and a negative return on equity of 41.04%. The business had revenue of $691.68 million during the quarter, compared to analysts’ expectations of $630.21 million. During the same period last year, the company posted $7.81 EPS. The business’s revenue was up 38.7% on a year-over-year basis. On average, equities research analysts anticipate that Fair Isaac Corporation will post 38 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.