The Fair Isaac Co. (NYSE:FICO) has seen significant activity recently, with SF Americas Securities LLC, Creative Planning and the Public Sector Pension Investment Board increasing their holdings. On the other hand, Mackenzie Financial Corp, Driehaus Capital Management LLC, and Absoluto Partners Gestao de Recursos Ltda reduced their stakes while Xponance Inc. and Inspire Investing LLC sold off their shares. Despite insider sales, Fair Isaac's stock appeal remains due to its dominance in credit scoring. The stock has surged and hit a new 12-month high, reflecting its impressive yearly growth. Notably, FICO's Q3 earnings missed estimates but revenues increased, with earnings being reported at $5.05 per share. Ongoing litigation with allegations of anticompetitive practices and the acceptance of 'Liar Loans' among Thai, Filipino, and Malaysian consumers pose challenges. Nevertheless, strong execution, a solid portfolio, and expanding clientele strengthen the growth prospects. In addition, Fair Isaac recently announced its new stock repurchase program starting on July 30, 2024.
Fair Isaac Corporation FICO News Analytics from Tue, 27 Aug 2019 07:00:00 GMT to Sat, 05 Oct 2024 14:46:48 GMT - Rating 8 - Innovation 7 - Information 5 - Rumor -5
