Resona Asset Management Co. Ltd. lessened its stake in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,713 shares of the technology company’s stock after selling 460 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Fair Isaac were worth $13,149,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. ProShare Advisors LLC lifted its stake in shares of Fair Isaac by 4.4% during the 4th quarter. ProShare Advisors LLC now owns 5,353 shares of the technology company’s stock worth $9,050,000 after buying an additional 227 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Fair Isaac by 83.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,985 shares of the technology company’s stock worth $5,047,000 after buying an additional 1,360 shares during the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of Fair Isaac during the 4th quarter worth about $264,000. North Dakota State Investment Board acquired a new stake in shares of Fair Isaac during the 4th quarter worth about $1,358,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Fair Isaac during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 85.75% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Bank of America cut their target price on shares of Fair Isaac from $1,550.00 to $1,400.00 and set a “buy” rating for the company in a research note on Tuesday. UBS Group dropped their price objective on shares of Fair Isaac from $1,200.00 to $1,150.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Mizuho assumed coverage on shares of Fair Isaac in a research note on Thursday, April 16th. They issued an “outperform” rating and a $1,416.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $1,549.00 price objective on shares of Fair Isaac in a research note on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,619.36.
Fair Isaac Stock Up 3.7%
Shares of Fair Isaac stock opened at $1,230.41 on Thursday. Fair Isaac Corporation has a twelve month low of $870.01 and a twelve month high of $1,998.01. The company has a 50-day simple moving average of $1,079.45 and a two-hundred day simple moving average of $1,419.17. The stock has a market capitalization of $28.53 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 1.05 and a beta of 1.24.
Fair Isaac (NYSE:FICO – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $12.50 earnings per share for the quarter, topping the consensus estimate of $11.03 by $1.47. The business had revenue of $691.68 million during the quarter, compared to analysts’ expectations of $630.21 million. Fair Isaac had a net margin of 33.67% and a negative return on equity of 41.04%. The business’s revenue was up 38.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.81 EPS. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. On average, sell-side analysts anticipate that Fair Isaac Corporation will post 37.99 earnings per share for the current fiscal year.
Fair Isaac declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 25th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to purchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
Insider Activity at Fair Isaac
In other news, Director Eva Manolis sold 520 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 344 shares in the company, valued at approximately $422,304.72. The trade was a 60.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.02% of the company’s stock.
Fair Isaac 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.
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