Mirae Asset Global Investments Co. Ltd. purchased a new position in Fair Isaac Corporation (NYSE:FICO – Free Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 5,884 shares of the technology company’s stock, valued at approximately $3,486,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. XXEC Inc. acquired a new position in shares of Fair Isaac during the 2nd quarter worth about $33,189,000. BlackRock Inc. acquired a new stake in shares of Fair Isaac in the 2nd quarter valued at approximately $2,491,517,000. Primecap Management Co. CA bought a new position in Fair Isaac during the 2nd quarter worth approximately $433,508,000. Legal & General Group Plc acquired a new position in Fair Isaac during the second quarter valued at approximately $173,157,000. Finally, Bank of New York Mellon Corp acquired a new stake in Fair Isaac in the second quarter worth $152,357,000. Institutional investors and hedge funds own 85.75% of the company’s stock.
Fair Isaac Trading Down 0.7%
Shares of NYSE:FICO traded down $5.08 on Friday, hitting $702.32. The company had a trading volume of 676,271 shares, compared to its average volume of 986,979. The stock has a 50 day moving average price of $827.62 and a 200 day moving average price of $1,107.10. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 0.88 and a beta of 1.36. Fair Isaac Corporation has a 1-year low of $586.05 and a 1-year high of $1,858.91.
Fair Isaac (NYSE:FICO – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The technology company reported $11.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.69 by $0.41. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%. The company had revenue of $657.05 million during the quarter, compared to analysts’ expectations of $651.73 million. During the same quarter in the previous year, the company posted $7.74 earnings per share. The business’s revenue was up 27.4% on a year-over-year basis. Sell-side analysts anticipate that Fair Isaac Corporation will post 40.03 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on FICO shares. Weiss Ratings cut shares of Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Wells Fargo & Company dropped their target price on shares of Fair Isaac from $735.00 to $650.00 and set an “equal weight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Fair Isaac from $900.00 to $800.00 and set a “neutral” rating for the company in a report on Thursday. UBS Group restated a “buy” rating on shares of Fair Isaac in a report on Thursday. Finally, Credit Suisse Group set a $1,150.00 price objective on shares of Fair Isaac in a research report on Wednesday, September 30th. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $917.44.
Check Out Our Latest Report on FICO
More Fair Isaac News
Here are the key news stories impacting Fair Isaac this week:
- Positive Sentiment: FICO beat Q4 earnings and revenue estimates, with record revenue and EPS growth. The company cited score pricing and adoption, mortgage pricing, and software growth as contributors; strong cash flow also supported the outlook. FICO Q4 Earnings Beat on Scores, Pricing and Software Growth
- Neutral Sentiment: Analyst views were mixed despite several target reductions: Needham kept a Buy rating and Barclays remained Overweight, while JPMorgan rated the shares Neutral. Autonomous Research raised its target. Needham Adjusts Price Target
- Negative Sentiment: FICO withheld fiscal 2027 guidance amid uncertainty over mortgage pricing. Weak mortgage volumes and a $0.99 competitor sharing the pricing grid raise questions about future mortgage-score revenue and pricing power. FICO Q4’26 Earnings Call Highlights Pricing Uncertainty for FY27
- Negative Sentiment: Several firms lowered price targets, including Wells Fargo ($735 to $650), JPMorgan ($900 to $800), Barclays ($875 to $800), and Needham ($1,100 to $925). Debt questions added to investor concerns despite the earnings beat. Fair Isaac Stock Shrugs Off Q4 Results Despite Debt Questions
Fair Isaac Company Profile
Fair Isaac Corporation, commonly known as FICO, develops analytics and decision-management software used by businesses to assess risk, detect fraud and make customer-related decisions. The company is best known for the FICO Score, a credit-risk scoring system used by lenders and other financial institutions to evaluate consumer creditworthiness.
FICO’s offerings include credit scoring solutions, decisioning platforms, fraud-detection tools, customer management software and predictive analytics.
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