Nomura Asset Management Co. Ltd. lessened its holdings in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) by 45.0% in the fourth quarter, Holdings Channel reports. The firm owned 17,036 shares of the technology company’s stock after selling 13,914 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Fair Isaac were worth $28,801,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FICO. Brighton Jones LLC increased its position in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after purchasing an additional 302 shares in the last quarter. Great Lakes Advisors LLC increased its position in Fair Isaac by 5.7% during 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 in the last quarter. Woodline Partners LP increased its position in Fair Isaac by 46.1% during the 1st quarter. Woodline Partners LP now owns 2,138 shares of the technology company’s stock worth $3,943,000 after purchasing an additional 675 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Fair Isaac by 18.0% in the second quarter. Treasurer of the State of North Carolina now owns 14,037 shares of the technology company’s stock valued at $25,659,000 after acquiring an additional 2,146 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Fair Isaac by 16.1% in the second quarter. Alliancebernstein L.P. now owns 211,947 shares of the technology company’s stock valued at $387,431,000 after acquiring an additional 29,408 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on FICO. Needham & Company LLC lowered their price objective on shares of Fair Isaac from $1,975.00 to $1,650.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Jefferies Financial Group lowered their price objective on shares of Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating for the company in a research report on Monday, May 4th. JPMorgan Chase & Co. lowered their price objective on shares of Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Barclays lowered their price objective on shares of Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Finally, The Goldman Sachs Group lowered their price objective on shares of 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. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,619.36.
Fair Isaac Trading Up 3.0%
Fair Isaac stock opened at $1,287.53 on Tuesday. The stock has a market cap of $29.86 billion, a P/E ratio of 40.78, a price-to-earnings-growth ratio of 1.10 and a beta of 1.24. The stock has a 50 day moving average of $1,094.19 and a 200-day moving average of $1,394.99. Fair Isaac Corporation has a 52 week low of $870.01 and a 52 week high of $1,998.01.
Fair Isaac (NYSE:FICO – Get Free Report) last released its earnings results on Tuesday, April 28th. The technology company reported $12.50 EPS for the quarter, beating the consensus estimate 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%.The business’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. As a group, equities analysts predict that Fair Isaac Corporation will post 38.06 earnings per share for the current fiscal year.
Fair Isaac declared that its board has approved a stock buyback plan on Wednesday, February 25th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
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.
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