Fair Isaac (NYSE:FICO – Free Report) had its target price reduced by Wells Fargo & Company from $2,300.00 to $1,650.00 in a research report sent to investors on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company’s stock.
Several other brokerages also recently commented on FICO. Needham & Company LLC reiterated a “buy” rating on shares of Fair Isaac in a report on Thursday, February 26th. UBS Group dropped their price objective on shares of Fair Isaac from $1,500.00 to $1,350.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Fair Isaac in a report on Monday, December 29th. JPMorgan Chase & Co. dropped their price objective on shares of Fair Isaac from $1,825.00 to $1,325.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Finally, Jefferies Financial Group boosted their price objective on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $1,742.43.
Fair Isaac Price Performance
Fair Isaac (NYSE:FICO – Get Free Report) last announced its earnings results on Wednesday, January 28th. The technology company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.08 by $0.25. The firm had revenue of $766.00 million for the quarter, compared to the consensus estimate of $501.05 million. Fair Isaac had a net margin of 31.89% and a negative return on equity of 40.98%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $5.79 EPS. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. Analysts anticipate that Fair Isaac will post 36.45 earnings per share for the current year.
Fair Isaac declared that its board has initiated a stock repurchase program on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
Insider Activity
In other news, Director Joanna Rees sold 358 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $1,360.00, for a total transaction of $486,880.00. Following the transaction, the director owned 11,204 shares in the company, valued at approximately $15,237,440. The trade was a 3.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eva Manolis sold 520 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $1,227.63, for a total transaction of $638,367.60. Following the transaction, the director owned 344 shares in the company, valued at approximately $422,304.72. The trade was a 60.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.02% of the company’s stock.
Institutional Trading of Fair Isaac
Several institutional investors have recently made changes to their positions in FICO. Brighton Jones LLC boosted its position in shares of Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after acquiring an additional 302 shares in the last quarter. Great Lakes Advisors LLC boosted its position in shares of Fair Isaac by 5.7% during the 1st quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock valued at $207,000 after acquiring an additional 6 shares in the last quarter. Woodline Partners LP boosted its position in shares of Fair Isaac by 46.1% during the 1st quarter. Woodline Partners LP now owns 2,138 shares of the technology company’s stock valued at $3,943,000 after acquiring an additional 675 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Fair Isaac by 18.0% during the 2nd 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. boosted its position in shares of Fair Isaac by 16.1% during the 2nd 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. 85.75% of the stock is currently owned by institutional investors and hedge funds.
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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