Stock Repurchase Program Initiated by Fair Isaac (NYSE:FICO) Board

Fair Isaac (NYSE:FICO) declared that its board has authorized a share buyback program on Wednesday, February 25th, RTT News reports. The company plans to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 5.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Fair Isaac Stock Up 6.1%

FICO opened at $1,303.08 on Thursday. The firm has a market cap of $30.91 billion, a P/E ratio of 48.23, a PEG ratio of 1.18 and a beta of 1.27. Fair Isaac has a 52 week low of $1,193.09 and a 52 week high of $2,217.60. The business’s fifty day simple moving average is $1,528.01 and its 200 day simple moving average is $1,589.12.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, January 28th. The technology company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.25. Fair Isaac had a net margin of 31.89% and a negative return on equity of 40.98%. The firm had revenue of $766.00 million during the quarter, compared to the consensus estimate of $501.05 million. During the same quarter in the previous year, the company posted $5.79 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. As a group, equities analysts expect that Fair Isaac will post 24.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on FICO shares. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. BMO Capital Markets dropped their target price on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Needham & Company LLC reiterated a “buy” rating and set a $1,975.00 price target on shares of Fair Isaac in a research report on Thursday, January 29th. Bank of America initiated coverage on Fair Isaac in a research note on Tuesday, February 17th. They set a “buy” rating and a $1,900.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price objective on Fair Isaac from $2,070.00 to $1,777.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,994.62.

Insider Activity at Fair Isaac

In related news, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the sale, the director owned 344 shares in the company, valued at approximately $628,085.52. This trade represents a 60.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joanna Rees sold 358 shares of Fair Isaac stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $1,360.00, for a total transaction of $486,880.00. Following the completion of the sale, the director directly owned 11,204 shares of the company’s stock, valued at $15,237,440. The trade was a 3.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,305 shares of company stock valued at $4,019,197. Company insiders own 3.02% of the company’s stock.

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.